** only $95 when they start in 2014, much less than it costs to buy insurance.**
I know of a medical insurance that only costs $99 a month. Don’t believe this Obamacare nonsense.
If you want to know what it is, you will have to FReepmail me.
Basic coverage only, not vision and dental.
With vision and dental — it is only $138 a month.
posted on 01/14/2013 8:29:07 AM PST
("With God all things are possible." Matthew 19:26)
The annual penalty for not having minimum essential coverage will be the greater of a flat dollar amount per individual or a percentage of the individuals taxable income. For any dependent under the age 18, the penalty is one half of the individual amount. The flat dollar amount per individual is $95 in 2014; $325 in 2015 and $695 in 2016. After 2016, the flat dollar amount is indexed to inflation. The flat dollar penalty is capped at 300% of the flat dollar amount. For example: o A family of three (two parents and one child under 18) would have a flat dollar penalty of $1737 in 2016; o A family of four (two parents and two children over 18) would have a flat dollar penalty of $2,085 in 2016 because the 300 % cap would apply. The percentage of taxable income is an amount equal to a percentage of a households income (as defined by the Act) that is in excess of the tax filing threshold (phased in at 1% in 2014; 2% in 2015; 2.5% in 2016). For example: o If an individual has a household income of $50,000, the percentage would be 1% of the difference between $50,000 and the tax threshold (which is $9,350 for an individual in 2010). Assuming the tax threshold is $10,000 in 2014, this individual would be subject to a percentage penalty of $400. Because this percentage penalty is greater than the flat dollar penalty for 2014 (which is $95), he would pay the percentage penalty.
posted on 01/14/2013 8:40:05 AM PST
(Follow the money)
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