No penalty here. I applied the 8% exemption and, at 63 years old, it was pretty easy.
It’s the “unaffordable coverage option”.
http://obamacarefacts.com/obamacare-exemptions-list/
Obamacare - Second greatest scam in our history/
A wealth redistribution scheme making affordable healthcare unaffordable and extorting billions of dollars from workers and taxpayers.
Barack Obama - The election of Obama is by far the greatest scam in our history
Forcing citizens to pay for something they don’t want.
At gun point.
F U IRS!
F U B O!
Just told Turbo Tax that insurance was unaffordable. for all the months that year. Qualified with no other questions asked. Did it 3 years. fine was to be around $1,000 last year
If you make too little income, then your ACA subsidy is invalid and you must pay it all back. If you make too much income (by even $1) then you will see your ACA subsidy revoked and you must pay it all back.
I have had clients that signed up for ACA, whether of a desire meet the spirit of the law or a true need for insurance. Trying to guess your forward income when unemployed in January is difficult. Trying to guess it when your company cancels your insurance is just as difficult, especially if you are over 55. And almost no one braves the two hour holds to the call centers just to update their income to adjust their subsidy.
The worst I remember was an older gentleman who was unemployed, got ACA with a subsidy, later got a good job as a foreman and made just enough to go over the max he could earn, and get a subsidy. Wife had no insurance at her job. Was required to pay back almost $15,000.
We can debate whether or not there should even be any subsidies through the federal government for personal healthcare insurance. There should not!
IMO, the implementation of this legislation was downright evil and hurt more folks than it helped. From insanely high deductibles to arbitrary rules that harm daily healthcare, it has been an experiment that has not helped very many of the very folks it was supposed to insure.
The cost of the law cannot be measured only in a few penalties for non-insurance.
My Wife and I self insured for many years - then came ObamaCare.
The penalties became 5% of our income - way more than $695 per person.
So we joined Christian Healthcare and have excellent coverage for $300 a month with NO penalty.
We are very happy.
The US Government should NEVER forcefully get a penny from ANYONE who chooses not to have insurance coverage. It’s just sick to think anyone thought this was a good idea.
GIMME BACK MY MONEY!
No /s
$3B taken away from American families, from the economy, and re-distributed per the socialist-in-chief’s ‘signature legislation’. No penalty to me personally other than:
- And my premiums are still sky high
- And I’d need to take out a loan to reach my yearly deductible
- And receiving healthcare is still unnecessarily complicated
- And billing from healthcare is chaos at best
- And my Wife and I have to parse out when/if we see a Dr. Lately, it’s just not seeing a Dr.
- And there’s no real competition for my insurance dollars
- And when I see my Dr. says she feels restricted in what she can do
- And on, and on.
Well, Thanks Obama.
Oh, and thank you Speaker Ryan for failing to lead this effort. For failing to live up to your promise of that sunny day we would repeal Ocare when the GOP finally had Legislative and Executive control. Thanks Paulie, for telling those of us burdened in the current healthcare environment that ‘obamacare is the law of the land for the foreseeable future’ That was inspirational Bro... to the Democrats.
Lastly, all you low-lifes that cast votes to repeal Ocare knowing Barry would veto it - your bluff was called.
Can’t wait to see what a ‘great’ job Ryan’s House will do with the budget...
There’s something about calling this fiasco “The Affordable Care Act” & then providing for a fine for not buying into it that just doesn’t quite ring true.
That’s about $465 per person. WAYYYYYYY less than what I pay for my wife monthly. Take the fine/tax!-)
Suckers! I didn’t pay a dime.