I'm interested in how Rush gets out of it.
He's said on the show that he didn't buy a policy and he's going to file for a "hardship" exemption, but that seems awfully shaky to me.
1% of income is a big number for Rush.
I bet he secretly bought a bronze plan, just to avoid the penalty. (It's a lot cheaper than 1% of his income.).
BTW the Halbig decision in effect eliminates the penalty for those making less than 400% of fed poverty level (approx 45,000 for indiv, $95,000 for family) in states with no state exchange. (See Post #194.)
If he dad to pay a fine, the max would be the average price of a bronze plan for his age. Maybe something like $5500 or so..
Good info, MUDDOG; thanks for the ping. I am bookmarking this, as any help I can get in avoiding the penalty is appreciated. [Rush had to be kidding about the hardship exemption. Your guess is probably correct.]
If that is so, is it feasible for those who felt forced to signed up for federal subsidies to quit the system now, without penalty? It seems a wise move considering that there is no guarantee that their subsidy actually exists!