Obamacare Penalty for not having Coverage will double in 2015

[nomoreneveragain]

https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/

Repeal this filth

I didn't even mind paying 1% this year but doubling for 2015 and than 2.5% + adjustment for inflation in 2016 is nonsense.

The fee in 2015
If you don’t have coverage in 2015, you’ll pay the higher of these two amounts:

• 2% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
• $325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.

The fee for not having coverage in 2014
If you didn’t have coverage in 2014, you’ll pay one of these two amounts when you file your 2014 federal tax return:

• 1% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
  
  
• $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

The fee after 2015
The penalty increases every year. In 2016 it’s 2.5% of income or $695 per person. After that it's adjusted for inflation.

 

[ADevilYouKhow]

lol

 

[Yapdatfool]

Will the penalty for small businesses not offering insurance double the same way?
:frogbiz:

 

[DEAD7]

 

[Brown_Pride]

so sign the fuk up.

 

[DEAD7]

so sign the fuk up.

 

[Brown_Pride]

Sounds about right. The Right does tend to live in a fantasy world so i'm sure that's indeed what they heard

 

[☑︎#VoteDemocrat]

OK. And?

 

[Shogun]

The outcry when these penalties set in

 

[88m3]

what a burden to bear!

My heart goes out to these people!

 

[88m3]

Is the best way to sign up still through the market places online?

Has anyone done it lately?

 

[Apollo Creed]

Penalty would still be less than getting coverage

 

[nomoreneveragain]

Penalty would still be less than getting coverage

I don't need to go to a doctor

It's not a Necessity, you shouldn't penalize people for choosing not to enroll in any plan.

Will have to sign up with my employer for 2015

I make 45K (Single) After Federal/State/Social Sec/Medicare it's close to 33K, After Cost of Living 20K (If I'm being frugal). After Miscellaneous Expenses 15K.

I'm supposed to give 7.5% of what I have left for this nonsense.

I didn't even include Student Loans, Tuition and Car Payments.