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!
DOH! I typed it wrong...thanks for pointing it out!
I meant MediCAID..
Sorry, I meant MEDICAID had the ability to go after you, not Medicare....
sometimes fury drives my fingers to the wrong keys...
They would have to prove intent to defraud but the adversary has the advantage. And I told her if she dies, Medicaid will take her house. She said she didn't care, she'll be dead, it wasn't worth much anyway.
Thanks for the head's up. I'll warn her again. Often you should get more than one or two opinions and from the right sources. Have it in writing or, short of that, certified copies of the applicable statutes in force for the entire applicable period. She does have a good investment broker; I'll make sure she's run it all by him. Think she did but think isn't good enough.
And then he advised her to get a lawyer to make a will which she did. I'll ask if she ran it all by him.
Even lawyers don't have all the answers, and they miss things. You have to stay on top of things yourself. Ask me how I know. Because my daughters fought a bitter lawsuit, and I was the lawyer contact. I told her some key information, she missed it. So I told her again some months later. It was phone records, certain ones. So I get the phone records burned on a cd. Then it was placing one daughter at a certain time and place to prove she didn't do something.
So I'm talking to the contracted lawyer, and we got proof she had an appt at 9:00 AM on a certain date. But you need proof you kept the appointment. So she got that. It blew everything up but the other side still kept making false allegations.
There wasn't any money in it for me. And it's not that I'm so smart and could have missed something. I have missed things. That's how I learned to question every single thing and stay on top of everything. We are talking about lawyers with excellent reputations and track records here.
Nobody cares about your business more than you do. Or should.
It’s not a tax, except when it’s a penalty. And it’s only a penalty when it’s not a tax. So with a tax and a penalty you can only be taxed, and or, penalized. If not, you’ll be taxed with a penalty. Except when you are taxed with a penalty that is equal to or greater than the taxed penalty.
HOORAY SINGLE PAYER!!!
With the possible exception of the purposely recalcitrant, how many who aren’t purchasing this insurance will bother to attend a town hall meeting?
The folks whose premiums and deductibles have gone up are the ones who should be hitting town halls.
Not to worry. It’s so easy to type the wrong one. But I did take it at your word ;-)
Well, the income and asset rules for food stamp and Medicaid benefits for every state are on-line.
You can take it from there. Opinions don’t count. All that matters are investment amounts — one is either under or over the state’s limits and disclosed it or not.
Good luck to you in any case. Sounds like it might be an uphill battle.
I can do a cursory check on food stamps tomorrow. In any case, she had better be the one doing the asking, and she could be in a precarious situation with her total resources (couldn't find much using assets), not her monthly income; she's well beneath the federal poverty level on that.
I can't micromanage this part of her life. I only did it on the lawsuit, and I didn't mean to make it sound like I deserve all the credit because I don't. It's just like it all fell together, and I was able to see what was needed in the way of evidence and how to get what could be gotten, what questions to ask, etc.
She had been homeless before that.
“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 knew I should have put a smiley at the end. :)
Well, at least you got to see the world. I never got any further than the UK. All we had to worry about was weather the Soviets were going to put an SS-20 (150 kt x 3) on us or just Spetsnaz.
Eff that 0bama loving racist ahole...
That makes perfect sense when you consider Obamacare in its entirety...
If you don’t want to chain yourself to the obamacare wall just dont send so much mony to the IRS through the year that IRS owes you a refund. As the law is written that is the only money the government can claim from you. f course Hussein or a bureaucrat can change that law at any time but for now that is how it is, unless I have not been paying sufficient attention and someone in the FDA or the EPA or DOE has already changed the law.
http://www.thefederalistpapers.org/us/little-johnny-uses-obama-method-to-get-an-a-on-his-assignment
My mother was in a nursing home- She had to spend down her assets(a fairly small savings account),and then apply for Medicaid. They took her pension and social security every month and left her with $60.00 per month spending money.
We bought all of her clothing(which disappeared constantly) but she got the care she needed.
I put my property in a trust some years ago. In MA the look-back-period is five years so I’m all set there.
Seeing an attorney is the best bet.
.
There was a lady in a good Catholic home here I used to visit. People stole her stuff. She just shrugged it off. The ambulatory patients stole stuff, too. Not all, of course. There just was no protection. I don't know how to prevent that. Or being abused. Need some kind of dependable advocate since I can't depend on anyone in my family. It's not that they are all irresponsible; they are too distracted to care about any minutiae in my affairs. And my daughters may or may not care if I get good care. I'm afraid they would cause trouble; I know they probably would. Good thing I've had it figured out for awhile.
You did the smart thing. Every state is different.
I need to see an attorney to finish my trust. The last atty got mad at me. I wanted a trust with conditions. He got impatient and started getting kids' and grandkids' names, I didn't want what he put down. I have a .pdf copy of the almost-finished trust I paid $2500K for. If he would finish it if I could get there, I think he would get too impatient with me. He likes to be totally in charge. It's my trust. 34 pages. All boilerplate stuff I don't want to read except for a few pages naming people and conditions.
That lawyer on the radio, he's getting worse with the insults and he says outrageous things to callers. He's really kidding, but I don't know how some would take it. Can't think of his name. He mentioned his trust and his daughter. Tattoos, no money. Things like that. I thought that's the way I want my trust set up. I don't think I was being unreasonable about that.
It's too hard for me to get the 50 miles to sign it which I won't because it's not what I want. He was going to send his son the 50 mi to me for me to sign, and I didn't want to pay the extra.
I emailed him about a year ago, and never heard back. So I will have to see if another attorney will be willing to finish it.
There's an elder law atty here locally, I'm bitter about him. But I'm not going to do anything about it. Let it go.
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