Posted on 07/02/2013 8:11:52 AM PDT by SeekAndFind
We're months away from cutting the ribbon on the new online marketplace for health insurance, but the vast majority of uninsured Americans — the very people the Affordable Care Act is meant to help — still have no idea whether they'll be in the shopping mood or not.
According to a recent survey, nearly two-thirds of uninsured Americans say they haven't decided whether or not they'll buy health insurance by the Jan. 1, 2014 deadline (even though they'll have to pay a penalty if they don't).
Another 10% say they flat out won't buy in at all.
We understand the hesitation. Change is hard enough when it's simple to understand, let alone when it has to do with things like insurance, health care policy, and your own financial and personal well-being.
"People just don't understand how this is going to affect their wallet, what prices are going to be and what this could really cost them," said Laura Adams, InsuranceQuotes.com senior insurance analyst.
Here's what you need to know:
1) What is this new health care exchange all about?
The health care exchange (aka The Marketplace) is the centerpiece of the Affordable Care Act, an online marketplace where consumers can shop around for health care plans, just like auto insurance. All 50 states will have their own marketplaces, some of which will be run by the federal government and some of which will be run by individual states.
Delays notwithstanding, the marketplace opens on Oct. 1, 2013 and people will have until Jan 1, 2014 to pick up a policy if they want to escape penalties. There, you'll be able to choose from four different varieties of plans, platinum (highest benefits), gold, silver, and bronze (lowest benefits).
(Excerpt) Read more at businessinsider.com ...
Yes, that is correct.
Another 10% say they flat out won't buy in at all.
The company my daughter works for is having some cash flow problems (as it has from time to time). It has fewer than 50 employees, so there is no penalty for not providing Obamacare insurance. Health insurance rates are expected to double or triple come January. This seems like almost a no-brainer from an accounting standpoint. Give everyone a small raise, and tell them to buy their own insurance.
Unless I'm missing something, there should be a lot more people needing to make these decisions come January than there are now.
They can always do a punitive audit, especially if you’re a conservative.
If I didn’t have a policy already, I’d just try to find out what the names and numbers for a given policy look like and then I’d lie about it. Just like Obama, just like the FBI, just like the IRS, just like NSA, just like anybody connected with Obama.
I don’t get refunds....I had to write a $9000 check to them in April.
RE: What is the low income cut-off?
FROM THE ARTICLE:
What if you don’t think you can afford it?
Obviously, if everyone could afford to enroll in health care, chances are we wouldn’t have an Obamacare plan to deal with at all. As it stands, 61% of the uninsured respondents surveyed by InsuranceQuotes cited money issues as the main reason they haven’t purchased health insurance.
To help, the government has put in place tax credits that are specifically designed to help low-income households cover the cost of a health care plan.
To qualify, individuals or families can earn household incomes up to 400% of the federal poverty level ($94,200 for a family of four in 2013). You can claim the tax credit in advance, rather than paying upfront for your health care plan and then waiting for a refund after tax season, Adams notes.
Generally, the government will apply those credits directly to your health insurer, which will reduce your premium cost.
To find out how big a tax credit you can expect, use this KAISER PERMANENTE CALCULATOR:
http://kff.org/interactive/subsidy-calculator/
It will change. Very quickly if the IRS finds it is not getting paid the “tax”.
My understanding (such as it is) is that since the passing of the law, the IRS has been writing regulations continuously to essentially re-write the law and give itself more power.
Think of it as, the IRS realizes they are not empowered by the law to do X, so a bureaucrat at the IRS writes a new regulation giving the IRS that power. Hell, far as I can tell, major portions of the bill have essentially been re-written by the IRS. Unconstitutional of course, but what are the ball-less Republicans going to do?
RE: , the IRS has been writing regulations continuously to essentially re-write the law and give itself more power.
Excuse me, “re-write the law”?
Who gave them the authority to do that and where is Congress when you need them?
Also the whole thing depends on people having a checking account. They didn’t factor in many folks don’t have one. Because of back taxes...back child support...default credit cards they’re s rightfully scared of getting it seized. Why do yo think there are so many currency exchanges?
The IRS cannot write penalties only Congress can do that. The House has voted to repal the law, but the IRS doesn’t have the authority to re-write the law.
I would go to the Supremes on that one. I have at least 4 votes already.
RE: I have at least 4 votes already.
Ahhh... but what have they got on John Roberts?
Let me know how it goes with leaving that part out of your 1040 and then signing it, under penalty of perjury, saying that it’s accurate. Hope you don’t have a dog. The swat team they will send gets trigger happy when they see a dog. And remeber, in tax court the burdon of proof is on the accused to prove his innocence.
bflr
Sign what? I can be honest and them to go to hell.
None of it matters. This is only the beginning. If this country still has its head up its a$$ and sends the marxists back into office, they will make obamacare worse. Higher penalties.
check the box that says black muslim for complete protection.
Like I said...I hope you don’t have a dog.
***We understand the hesitation. Change is hard enough when it’s simple to understand, let alone when it has to do with things like insurance, health care policy, and your own financial and personal well-being.***
Let me clue you in Mandi. The issue isn’t that people simply are resistant to ‘change’, it’s that people know what this change is going to mean for them personally, the healthcare system in general, and for the country.
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