How to Opt Out of Obamacare

The Self-pay patient ^ | 12-3-13 | Sean Parnell

[RKBA Democrat]

Information you need to know about opting out. Best article on it I've seen so far.

[RKBA Democrat]

Surviving Socialism PinglistStories and tips with a financial emphasis to help conservatives SURVIVE and prosper during difficult times.

To be added or taken off this list, please send a FR mail to RKBA Democrat. FAIR WARNING, I'm one of the worst pinglist administrators on FR. I ping infrequently then I ping a lot. I forget to add people to the list. I disappear for months at a time when I get fed up with politics. But I do try to make sure that the articles pinged are worthy of your time. Search the keyword "survivingsocialism" to see previous articles and pings.

[RKBA Democrat]

H/T to MissMagnolia for telling me about the site. Thanks!

[nascarnation]

Thanks! FWIW this is not the Sean Parnell who is Gov of Alaska.

[Mount Athos]

I’ve been researching the health care sharing ministries option.

I’m ready to switch to Samaritan ministries when my plan dies in a year.

I hope Obamacare gets repealed, but I feel good about having a contingency plan now if it doesn’t.

So many reasons to avoid Obamacare now.

[sickoflibs]

RE One caveat, however: the IRS can only collect the tax by reducing your tax refund. So, no refund equals no tax. “

Bingo

[freds6girlies]

Bookmark

[apillar]

One caveat, however: the IRS can only collect the tax by reducing your tax refund. So, no refund equals no tax. I’m not necessarily suggesting this as a tax strategy (irritating the IRS just seems like a bad idea on a number of levels), and it won’t surprise me at all to see Congress one day try to ‘fix’ this little loophole. But as the law stands right now, and as the IRS itself has posted (see #25, buried way at the bottom), the only way they have to collect the tax is by taking it from your refund, so if you don’t have a refund coming back to you there is no way the IRS can force you to pay the tax.

I would also add that since the penalty/tax accumulates year to year and never goes away (it just sits as an IOU against you) that this means ANY tax refund for the rest of your life, so unless you never plan to buy a home and take advantage of the mortgage credit, have kids and get the child credit, or pretty much take advantage of any tax credit for the rest of your life that would result in you getting a refund.

[BipolarBob]

Thanks for posting.

[zeestephen]

RE: “Buy a short-term health insurance policy.”

I thought it was against the law for private insurers to sell policies that do not conform to all ObamaCare rules?

I mean, if it's not against the law, why aren't insurers offering people the same policies they had last year?

The fine is quite low in 2014.

And simply refusing to pay the fine has no legal consequences at all, unless you expect to receive a tax refund.

[dennisw]

informative!!!

[frogjerk]

RE One caveat, however: the IRS can only collect the tax by reducing your tax refund. So, no refund equals no tax. “ Bingo

This is interesting and I have seen this point debated on FR before. Is this one of the unintended good benefits to America? Stopping people from giving Uncle Sam an interest free loan?

[RKBA Democrat]

“I thought it was against the law for private insurers to sell policies that do not conform to all ObamaCare rules?”

Short term policies are exempt.

[RKBA Democrat]

“Is this one of the unintended good benefits to America? Stopping people from giving Uncle Sam an interest free loan?”

Not the only one. As people opt out, it will also greatly increase the market for cash and carry medical care. The blog has a lot of articles on the subject.

[Westbrook]

If you’re a Christian, you should consider “Samaritans” ...

http://www.generationcedar.com/main/2010/03/samaritans-alternative-to-health-insurance.html

... or MediShare ...

https://medi-share.org/ms/lp/medical-bill-sharing_11-1.aspx

[MrB]

They’ll just print or borrow what they need to make up for what you’re not giving them interest free,
so your savings account or your children end up paying it anyway.

[sickoflibs]

RE :”This is interesting and I have seen this point debated on FR before. Is this one of the unintended good benefits to America? Stopping people from giving Uncle Sam an interest free loan?”

I think it just means if you dont pay the fine and are not due a refund of the fine amount or more the law forbids the IRS from doing anything about it, unlike the income tax.

Its was a political based clause with unintended consequences.

Notice Obama NEVER cites the fine as a reason to sign up.

[Paladin2]

Become a muzzie?

[nascarnation]

Muslims don’t get exempted. You have to be a group that is legally outside the SocSec and Medicare jurisdiction.
Amish and Mennonite are in that category.

[RKBA Democrat]

“You have to be a group that is legally outside the SocSec and Medicare jurisdiction. Amish and Mennonite are in that category.”

As are the health care sharing ministries referenced above.