Obamacare Regs Slam Middle Class Families With Fines If They Can’t Afford Insurance, Cheapest Plan Will Be $20K Per Family
That “free” healthcare they shoved down our throats is going to come as a real punch to the gut for families like mine! Our budget is strapped enough as it is, and now we’ll be slammed with thousands of dollars in fines because we’ve chosen to cash pay our providers.
We haven’t been able to afford health insurance for the past three years. I’d like to just buy catastrophic coverage like you can for other insurance (car, home), but nooooo, you HAVE to buy comprehensive for stuff you don’t want (drug detox, psychotherapy, etc.) which is more than a mortgage payment, and you’re not allowed to shop across state lines for a better deal. They take away your choices and box you in until you have NO CHOICE but to go on a government plan. And that’s EXACTLY the agenda here – they want to bankrupt the insurance industry by taking away their customers and forcing everyone onto single-payer.
This HURTS poor and middle class families, and they don’t give a damn, because they want to force us all into government healthcare. It’s infuriating!
In new, final regulations issued Wednesday, the Internal Revenue Service (IRS) said that parents must pay a federal fine under Obamacare if their children or dependent spouses are uninsured for any part of the year.
[I]f a child goes without government-defined health insurance coverage for any month of the year, their parent must pay a fine to the government, regardless of whether they claim the child as a dependent or not.
The only thing that matters to the IRS is whether the parent could claim the uninsured child as a dependent.
The same rule applies for an uninsured spouse if the couple files a single tax return. If they file a joint return, both parents are liable for the fine.
[…] Uninsured adult family members use the full per-person cost of $695 per person when calculating their penalty, while uninsured children are penalized half of the adult cost – $347.50 per child. The amount of penalty parents may face will change every year after 2016, the IRS said, and parents will face a phased-in penalty between 2014 and 2016.
For 2014, parents could face a penalty of either $47.50 per child – under 18 – up to $285 total.
For 2015, the per-child penalty is $162.50 per child up to $975 total.
For 2016, the per-child penalty is $347.50 per child up to $2,085 total.
The per-person penalty is capped at $2,085 for 2016, but that cap will rise with inflation every year thereafter.
While the per-person penalty is capped each year, families can still owe more if their income is high enough because the law states that families must pay the greater of either the per-person penalty of 2.5 percent of their taxable income.
What can you do to avoid the fines? Just put that $20,000 in extra cash you have laying around to good use:
In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.
Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.
The IRS’s assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.
The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.
For middle-class families that are barely making it right now, this is going to drive millions of them into poverty and forced dependence on the welfare state. It infuriates me how many Christians supported this travesty because they bought the lie that this is “compassion!”