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Obamatax information needed

Posted on 07/11/2012 7:55:56 AM PDT by Typical_Whitey

I am retired USN and currently pay a small Premium to HUMANA for TRICARE PRIME this covers my family with medical insurance. Since I began working for my employer he has allowed me to keep the portion that he would have to pay for my healthcare insurance as incentive pay it works out to be about $2.50 per hour. How is this going to be impacted by Obamacare? Any references would be appreciated.


TOPICS: Miscellaneous; Your Opinion/Questions
KEYWORDS: obamacare; obamacaretaxes; obamatax; taxes; tricare; vanity

1 posted on 07/11/2012 7:56:01 AM PDT by Typical_Whitey
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To: Typical_Whitey

Even if you get the answer you seek, I wouldn’t put 100% faith in any answer, until you actually see it implemented.


2 posted on 07/11/2012 7:58:59 AM PDT by DannyTN
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To: DannyTN

Watch me pull a rabbit out of my hat, oops wrong hat. Anything that happens will not be a positive.


3 posted on 07/11/2012 8:09:09 AM PDT by boomop1 (term limits will only save this country.)
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To: Typical_Whitey
If you believe Obama, then nothing should happen. But my thinking is that insurance premiums will go up with all these new requirements and more so in the future as the government now has it's finger in the pie.

I wouldn't sweat it. Its just the working young, who don't have any parents that I worry about. Obamacare will push a goodly number of these into poverty.

4 posted on 07/11/2012 8:10:34 AM PDT by sr4402
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To: Typical_Whitey

No one probably knows as of yet....your employer may get to a point where they have to dump healthcare for employees and put everyone out on their own as it is....


5 posted on 07/11/2012 8:11:08 AM PDT by goodnesswins (What has happened to America?)
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To: Typical_Whitey
You don't have to wait for 0bamacare! Your fees will go up next year!
6 posted on 07/11/2012 8:26:25 AM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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To: Typical_Whitey

Your free ride is over sucka.

Time to pay up!

/s/s/s


7 posted on 07/11/2012 8:29:28 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Typical_Whitey; Fightin Whitey
Hey! I didn't know we had any brothers here!

No, not that way...familial, not racial.

8 posted on 07/11/2012 8:32:20 AM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: Typical_Whitey

A while ago I read that any health care paid for by an employer would now be taxed as income to the employee.

It’s in the 2,400 page monstrosity that no one read.

Who really knows?


9 posted on 07/11/2012 8:34:22 AM PDT by COUNTrecount (Barry...above his poi grade.)
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To: Typical_Whitey

I really don’t think anyone knows for sure what tomorrow will bring with Obamacare. But I can tell you that provider contract rates for those continuing to see military patients are being cut which will eventually result in fewer physicians and longer waiting times for appointments.

Most of the docs I work with are still hanging on as Tricare physicians simply because they believe in doing what they can to help the military. But the latest round of cuts are not only substantial but representative of the current administration’s loathsome attitude toward to our military and their families.


10 posted on 07/11/2012 8:36:25 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Typical_Whitey
Any references would be appreciated.
Well, here's the 900+ page law...@ Public Law 111–148 An Act Entitled The Patient Protection and Affordable Care Act.

I can't help you much with the regulations that go far and beyond this.
Some of them are still being written.

Here's a thread with an informative pdf link.
@ PPACA (Obamacare), Did you know?

Good luck.
One of the things you can use as a starting point is the number of employees in the company.

11 posted on 07/11/2012 8:41:44 AM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: COUNTrecount

Here an answer to your question:

http://urbanlegends.about.com/od/government/a/Hr-3590-Income-Tax-On-Health-Insurance.htm

The answer appears to be, no, you do not pay taxes on employer provided health insurance. At least not yet!


12 posted on 07/11/2012 8:43:27 AM PDT by rawhide
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To: Typical_Whitey

Your employer will just figure out that it will be cheaper to pay the Obama fine than cover you so he’ll just drop your health insurance.


13 posted on 07/11/2012 8:55:35 AM PDT by VeniVidiVici (Congrats to Ted Kennedy! He's been sober for two years now!!)
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To: VeniVidiVici

Tricare Prime is not employer provided healthcare.


14 posted on 07/11/2012 9:17:37 AM PDT by ops33 (Senior Master Sergeant, USAF (Retired))
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To: Typical_Whitey

Comprehensive List of Obama Tax Increases

http://www.atr.org/comprehensive-list-obama-tax-increases-a6694


15 posted on 07/11/2012 9:29:05 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Typical_Whitey
Just send it all to Washington. They'll send back what the committee thinks you deserve.
16 posted on 07/11/2012 9:38:30 AM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: VeniVidiVici
"Your employer will just figure out that it will be cheaper to pay the Obama fine than cover you so he’ll just drop your health insurance."

I dissagree with that assessment. Employers aren't required to offer health insurance now, and there is no fine for not offering it and they still offer it.

The fine to the employer for not offering insurance advances over 4 years until it's expected to be more than the cost of insurance. Employers will look at that and realize any savings from dropping insurance now evaporate in 4 years.

The only incentive I can see to dropping insurance now, would be the existence of a government group policy, so that employees do have somewhere to go, where employees with preexisting conditions currently do not.

The main downside I see of the employer penalties is the effect on new businesses.

17 posted on 07/11/2012 9:40:19 AM PDT by DannyTN
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To: Typical_Whitey

Check yuour FReep Mail


18 posted on 07/11/2012 9:54:48 AM PDT by Wolverine (A Concerned Citizen)
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To: VeniVidiVici
Your employer will just figure out that it will be cheaper to pay the Obama fine than cover you so he’ll just drop your health insurance.

It would be cheaper now for an employer to drop the coverage with no fines involved. Why aren't they doing so now? It's because it makes them more attractive as an employer and helps them retain the best workers. Why would that change?

19 posted on 07/11/2012 11:22:20 AM PDT by arbitrary.squid
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To: philman_36; Typical_Whitey

He’s the smart, wealthy, good-looking, modest one.

I’m the...well, dang it, whydya think I’m fightin’ all the time?!


20 posted on 07/11/2012 2:45:42 PM PDT by Fightin Whitey
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To: Fightin Whitey

I see you’re the one who turned out with a sense of humor.


21 posted on 07/11/2012 4:23:11 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: philman_36; Justa

And you the peacemaker.

Sometimes a guy’s just gotta appreciate it all, don’t you think?


22 posted on 07/11/2012 5:46:44 PM PDT by Fightin Whitey
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To: Fightin Whitey
And you the peacemaker.
I try to be. Sometimes I fail.

Sometimes a guy’s just gotta appreciate it all, don’t you think?
Sometimes, yes. At other times it's rather difficult to do so.

23 posted on 07/11/2012 6:53:29 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: philman_36

Well, you stuck a hand out toward me when you didn’t have to.

Hang in there, Phil.

I’ll watch for your posts.

Drop a line anytime. You take care.


24 posted on 07/11/2012 7:02:24 PM PDT by Fightin Whitey
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To: Fightin Whitey
You take care.
You too, man. Work safe.
25 posted on 07/11/2012 7:12:01 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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