Posted on 01/01/2016 2:36:25 PM PST by UMCRevMom@aol.com
For the first time in American history, healthcare insurance has become too expensive to either buy or not buy, thus leaving many of us in quite the precarious financial dilemma, all courtesy the biggest scam ever pulled on the American people: Obamacare.
CNBC explained that the penalty for not purchasing healthcare insurance for 2016 will cost us an average of $738 to $1,450, depending on our income levels.
Those are just the expected averages, however. According to the actual Obamacare website, the penalty will be either 2.5 percent of our income or $695 per adult and $347.50 per child, to a maximum of $2,085, depending on which value comes out highest.
So if you wind up making $75,000 this year, for instance, and refrain from purchasing healthcare insurance, you will pay a penalty of $1,875, which is 2.5 percent of $75,000.
Likewise, those of you who do opt for health insurance will wind up paying significantly higher premiums coupled with higher deductibles and higher co-pays:
VIDEO: https://www.youtube.com/watch?v=b5Jr3yDMwCA
"How high?" you ask. I myself must pay about $3,000 a year for a plan with a $6,000 deductible and zero co-pays prior to the deductible being met. Yayyyy me …
So basically, regardless of whether we opt for insurance or not, we are slated to lose big time.
But we are not the only ones destined to lose. According to a report published by The Daily Signal several months prior, "Obamacare co-ops are failing at a rate of 50 percent" due to an inability to bring in more money than they pay out.
Like Cain TV contributor Dan Calabrese pointed out, "(T)he product is more expensive than ever, harder to buy than ever, and offers less value than ever."
"Why would anyone buy it?" he then asked:
Oh. Right. The penalty. First the government takes over health insurance and ruins it, then tries to force you to buy it anyway by taking your money from you anyway if you don't.
Yep. As far as I can tell, it's nothing but a scam … one that's being perpetrated on us, the American people!
This was predicted when this beast was created.
Exactly!
I don’t think they can garnish yet. And if a republican wins the presidency, they should NEVER be able to.
In the meantime the GOP-controlled Traitorcongress does ............................................... nothing.
Why yes I do. I spent twenty years in the military, going to some crappy country to the next. Damn near got shot in Greece, cooked in middle east, got frost bite on my ears in Montana and had a volcano land on my head in the Philippines.
I’d say that “Individual Shared Responsibility Payment” is way more than some shlub that role out of bed at the crack of noon, turns on the TV, and watches Ophra all day.
The article said, and I wish I'd saved it but didn't, that there were lots of people in small towns who didn't have a job good enough to pay their health care.
I thought, yeah, lady, an awful lot of people are biting the bullet to pay not only theirs with low co-pay, high deductible, threat of penalties, so you can have cheap insurance.
I'm not sure how it worked before Obamacare. I know the uninsured used emergency rooms, some accrued very high health care bills, the illegal aliens got a free ride to the extent that the hospitals billed insured extra to cover the indigent. And people with pre-existing couldn't get ins or had to purchase catastrophic.
I went for over 15 years without any insurance and paid all my medical expenses, some went into collection, but I eventually paid. Then I got catastrophic with a $5K deductible, can't remember if it had any co-pays or not, think not. That went on for about 8 years, each year getting more expensive until I went on Medicare.
Medicare is certainly better than aging and having no insurance, but co-pays for regular drs are reasonable, anything over that with a specialist which is everybody else, EACH VISIT, has a $40+ co-pay. It covers one eye exam a year but not glasses. It covers no dental unless I don't know how bad you'd have to get before they'd pay for anything.
It does have a good prescription plan if you opt for it. All the extras come out of your social security check, premiums for Part B. And then they robbed Medicare to pay for O'Care, and I had to pay monthly premiums, not too high, but I don't know what this next year will be yet.
The people on top notch employee insurance and Medicaid have it the best except on Medicaid they can seize assets after your death. I don't think there is a way to make it fair for everyone even if we went to single payer. There would just be more padding and abuse under that.
I read that after your death Medicare can place a LIEN on your house!
Bet the sheeple don’t know that...
Also I know many on Ocare have sizeable investments but that those assets aren’t considered in the formulae to obtain said Ocare.
So keep pulling that wagon; millions depend upon you...
I have one sizeable investment and would rather not be on Obamacare. It is dreadful. I almost wish I didn't have to be on Medicare anyway.
My daughter has a sizeable investment from which she gets so much a month from a broker investing it for her. I told her to make sure, but she still can stay on Medicaid for her and her son because it's based on monthly income. Also food stamps.
There are not going to get any out of me for a couple years because I am trying to save my investment, and I haven't sold any grain all last year. I will have a huge NOL which will carry forward as will I don't know how many other farmers. They are all waiting for grain prices to go up because there are two years of record yields; IOW a glut. It's abysmal to try to keep up with it all. You know you should be thankful, and are, but when you realize just how vulnerable you still are, there's no sense of security.
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From day one the IRS has not had any ability at all to collect any unpaid ACA “penalty” beyond what’s indicated as a refund due on the return. No lien arises nor can they garnish any amount due or levy on any asset.
That’s it. The law was specifically written that way and will never change barring another socialist in the White House together with Democrat control of the House and the Senate.
I got tired of the VA and their changes since about 2014 so I took out a Medicare advantage plan. The BCBS Diamond Advantage is a good plan. The price here is 218 a month. I can live with 2700 max out of pocket. The VA just got rid of a number of COPD RX’s such as foradil. They are back at cutting pain meds again.
That’s a good one. :-)
Where my free helfcare be at?
You’re confusing Medicaid with Medicare.
Medicaid has eligibility limits, if assets larger than allowable are later discovered any given state may go after them, after the fact.
Medicare (the feds are the sole payer of the benefits) only goes after people with personal injury settlements or payments when they were the primary payer of the bills but should have been a secondary payer.
MediCAID is a state welfare with all of its associated rules, MediCARE is a federal “entitlement” qualified for by sufficient quarters of employment taxes paid. Two entirely different things.
Yes, you could set up some kind of interest bearing account set aside for emergency medical expenses. $26k is a heck of a good start for two years. If you can avoid emergency expenses for 10 years you would have enough to cover nearly anything that could happen.
“I read that after your death Medicare can place a LIEN on your house!”
—
Wrong-—that’s Medicaid. Big difference.
.
“Medicaid they can seize assets after your death.”
Not always.
.
There are probably ways around it. I never had a need to delve into it very deeply, just took note of things people said.
The only family it's come up with so far, it was none of my business.
I have LTC insurance I purchased in 1995, but now I'm finding out it is not enough to cover expenses in a facility, $107 per day. It sounds like a lot but not enough for a decent place around here. It won't cover any in-home care.
So I'm not on very firm footing myself. Plus you about have to get an attorney to help with the contract or facilities will start charging for every little pill, etc. And if they find out I have other assets, they will try to get those, too. And all my social security.
So I'm not in as good shape as I thought I'd be. Plus I'm worried about letting a visiting nurse in the house. Get a free visit and a bribe for one visit. We've been trying to get ahold of you and can't. I know, it's on purpose.
But if you get to a point, your doctor has a lot of say so. Went through a lot with my aunt. Dr said she can't live alone any more. They can force you into care. So we hired a 24-hour helper from Poland, then I went and stayed for 6 months to help her.
Or had, in keeping with her Progressive politics, just disposed of that “clump of cells”.
Re posts 27/28, you may think that you now “know that” but it’s not true. See post 34. “bitt” is ill-informed. “I read” something, when the difference between Medicare and Medicaid is confused or not understood is meaningless.
Your comment about your daughter is interesting because she apparently has significant investment income. Your advice to her to “make sure” was well advised.
She may not have actually done so — Medicaid AND food stamp programs in most states have very stringent asset limits, particularly on investments other than a homestead.
Obviously, if someone has 25 or 50 or 100K in non-homestead investments, they obviously don’t need Medicaid or food stamps nor do they generally qualify for them.
If she has investment assets in excess of any applicable limits for either program, she might be faced with demands for repayment in the future. Not a good thing.
You might want to warn her to “make sure” again. If assets weren’t mentioned on any form signed under oath, it opens up the possibility of criminal prosecution if some prosecutor is out to make a name for themselves. A much worse thing than a mere demand for repayment.
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