Posted on 07/24/2014 6:10:35 PM PDT by TigerClaws
The Internal Revenue Service said Thursday individuals who fail to get health insurance this year will be fined a maximum of $2,448 and families with five or more members can be fined up to $12,240.
Under the Affordable Care Acts individual mandate, people are either required to obtain health insurance or risk a tax penalty from the IRS
Read more: http://thehill.com/policy/healthcare/213308-uninsured-could-be-fined-almost-2500#ixzz38REt1dEt Follow us: @thehill on Twitter | TheHill on Facebook
(Excerpt) Read more at thehill.com ...
One of them is Medishare. I looked on their website and there are no doctors or hospitals anywhere near me that participate with them.
Watch the seize Social Security, Medicare, Pensions, IRAs, 401Ks, paychecks, liens on assets etc. They’ll find a way to get “their money”. It’s been bountied about in Congress for several years. SHTF when that crap happens.
New Hardship Exemption Under Affordable Care Act
December 20, 2013
"In a last-minute policy change, the Obama administration waived the so-called individual mandate under the Affordable Care Act for people whose individual health insurance policy is being canceled.
The act requires most Americans to have qualified health insurance starting in 2014 or pay a tax penalty, unless they meet one of myriad exemptions. One is if qualifying coverage would cost more than 8 percent of household income (the affordability exemption). Another is they can prove a hardship such as homelessness, bankruptcy, domestic violence, large medical debts, utility shutoff notice or death in the family.
Under new guidance issued late Thursday, the Centers for Medicare and Medicaid Services (CMS) said that having an individual insurance policy canceled now qualifies for the hardship exemption.
People who qualify for the cancellation hardship exemption have two options:
-- Don't buy coverage and don't pay a fine.
-- Buy a bare-bones catastrophic policy on an exchange.
These catastrophic policies do not meet the requirements of the Affordable Care Act, but people who buy them won't owe a fine. Before Thursday's rule change, to buy this policy a person had to be younger than 30 or meet the affordability exemption.
To qualify for the new policy-cancellation exemption, consumers must complete a hardship application, which will let them purchase a catastrophic plan or receive a penalty waiver, according to Centers for Medicare and Medicaid Services.
(For the application, see http://1.usa.gov/19YrBnK.)
Gee, I wonder what will happen when all the Illegal Aliens only get half of their $5,000 Earned Income Tax Credit?
I would include all the Welfare Mothers, but they’re already on Food Stamps, Section 8 and Medicaid. The extra $5,000 EITC is just walking around money anyway.
Meanwhile, the working people will get screwed. What a great country Obama has created. We are so fortunate. /s
http://samaritanministries.org/
I’ve been a member for 2 years, and I had a major medical need shared a few months ago (tumor and 1/3 of my right lung removed). I was able to pay every penny thanks to my brothers and sisters in Christ; and in addition to the financial burden being lifted, I also received hundreds of notes and cards and prayers and Bible verses that were a great comfort to me and my family. In the spirit of full disclosure, I began working for this company in March of this year...so, yes, I’m biased! Here’s a great article in Philanthropy Magazine:
http://www.philanthropyroundtable.org/topic/philanthropic_freedom/sharing_health1
Hey, GREAT!
Families not on welfare that have 3 or more kids obviously can afford a THIRTEEN THOUSAND DOLLAR FINE.
Lefties - you’re satanic. Have a nice eternity.
This should give you a general idea of where Boner stands...
Ive been a member for 2 years, and I had a major medical need shared a few months ago (tumor and 1/3 of my right lung removed). I was able to pay every penny thanks to my brothers and sisters in Christ; and in addition to the financial burden being lifted, I also received hundreds of notes and cards and prayers and Bible verses that were a great comfort to me and my family. In the spirit of full disclosure, I began working for this company in March of this year...so, yes, Im biased! Heres a great article in Philanthropy Magazine:
http://www.philanthropyroundtable.org/topic/philanthropic_freedom/sharing_health1
Thank you for the info. We will be using it for sure.
Expect the administration to interpret the law so that the tax penalty will be rescinded if they sign up.
Some people might call this extortion or coercion by the government. Obama will call this an executive order to implement the law at his discretion.
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