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To: MUDDOG
1% of income is a big number for Rush.

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..

259 posted on 07/22/2014 10:35:05 AM PDT by EVO X
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To: EVO X

dad = had


260 posted on 07/22/2014 10:36:25 AM PDT by EVO X
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To: EVO X
Since it's your dad, I guess he's getting on up there.

If you have Medicare (age 65 and up), all you need is the "free" part of Medicare (Part A hospital coverage) to be Obamacare-compliant, and thus no penalty.

If you aren't Obamacare-compliant, the percent penalty applies to a "modified" income in excess of the standard deduction and exemptions (approx. $10,000 for an individual).

So as an approximation, it would be 1% of (your dad's adjusted gross income minus $10,000).

264 posted on 07/22/2014 10:42:37 AM PDT by MUDDOG
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