231 replies to this topic

[AsteroidX]

I can stick my ^&%$ in there I know what I can expect to pay as well. Which one do you think Im gonna pick.

Edited by AsteroidX, 21 February 2013 - 04:54 AM.

[Einsteinium]

-Mr_Fess-, on 21 February 2013 - 04:51 AM, said:

From the link. Last sentence on 'your coverage' after you enter details.
"You are exempt from the penalty if the least expensive plan option in your area exceeds eight percent of your income."

Wow, so you have to spend at least 8% of your income or get fined also. But it's telling me how much a plan costs. It's only saying how much the fine will be and it's the same for $30k as it is for $1M. I don't think it works.

No it is saying that you DO NOT have to pay a penalty at all IF the least expensive plan in your area exceeds 8% of your income. In other words, if the cheapest plan in your area is more than 8% of your income and you decide not to get that plan then you do not have to pay any penalty. I don't know why it is not telling you how much a plan costs. According to the site for my income and tax status: "Based on your income, your annual premiums for that plan would be no more than $3,800. Your maximum out-of-pocket costs for deductibles and co-payments would be capped at 30 percent of the total cost." So I would be paying $317 a month at the most, and that would be if I got my own plan, which is about what I would have to pay right now if I wanted my own plan anyways. You need to select that you plan to have insurance in order for it to show you how much insurance costs would likely be for you. When you select that you do not currently have insurance then it gives you the estimated penalty amount. I input $40k a year income and single filing status and my penalty if I chose to not be insured would be about $744 dollars per year. It seems to be pretty accurate based on the actual anticipated costs going forward, for me anyways.

[ninjadude]

Einsteinium, on 21 February 2013 - 01:04 AM, said:

Here you all go: http://www.washingto...means-for-you/#

That $20,000 a year number is complete BS just so you know. Enter your info in there and it will tell you about how much you can expect to pay.

I like this one.

http://laborcenter.b...icy/calculator/

[AsteroidX]

I entered 0

[F3SS]

Einsteinium, on 21 February 2013 - 05:00 AM, said:

No it is saying that you DO NOT have to pay a penalty at all IF the least expensive plan in your area exceeds 8% of your income. In other words, if the cheapest plan in your area is more than 8% of your income and you decide not to get that plan then you do not have to pay any penalty. I don't know why it is not telling you how much a plan costs. According to the site for my income and tax status: "Based on your income, your annual premiums for that plan would be no more than $3,800. Your maximum out-of-pocket costs for deductibles and co-payments would be capped at 30 percent of the total cost." So I would be paying $317 a month at the most, and that would be if I got my own plan, which is about what I would have to pay right now if I wanted my own plan anyways. You need to select that you plan to have insurance in order for it to show you how much insurance costs would likely be for you. When you select that you do not currently have insurance then it gives you the estimated penalty amount. I input $40k a year income and single filing status and my penalty if I chose to not be insured would be about $744 dollars per year. It seems to be pretty accurate based on the actual anticipated costs going forward, for me anyways.

Maybe I missed something or maybe cause I'm on an ipad. Thanks, I'll retry later on a PC.

[Startraveler]

Einsteinium, on 21 February 2013 - 05:00 AM, said:

No it is saying that you DO NOT have to pay a penalty at all IF the least expensive plan in your area exceeds 8% of your income. In other words, if the cheapest plan in your area is more than 8% of your income and you decide not to get that plan then you do not have to pay any penalty. I don't know why it is not telling you how much a plan costs.

Exactly. No one ever has to pay more than 8% of their income to satisfy the individual mandate.

[AsteroidX]

Yes but theres this caveat on your 8% theory and the plan it regards.

Quote

The lowest-cost bronze plan, which is far less comprehensive than typical employer policies,

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[HollyDolly]

I all ready have health insurance through my primary employer.I have a second job with a major retail corporation but not doing the health care through them.
Fortunately there is just me and the cats. How in the world are the unemlpoyed supposed to have health care unless they take it out of their checks.
What about all the illegal aliens the rest of us are founding? Is the government going to get on their backsides? Of course not.Everyone is screwed.
All for national health care;but they should have looked at how it's funded in Germany;Sweden;Canada;etc.And come up with something on similar lines.

[Pyridium]

I believe that when ObamaCare fully kicks in, ppl will be paying 3 times as much as predicted.  If you are "middle class" you will get ObamaCare free, also the free Obama cell phone, lol.

[ninjadude]

HollyDolly, on 26 February 2013 - 06:52 PM, said:

How in the world are the unemlpoyed supposed to have health care unless they take it out of their checks.

unemployed can continue to get health care by paying COBRA premiums.
There are few changes. http://www.dol.gov/e...carereform.html

Quote

What about all the illegal aliens the rest of us are founding? Is the government going to get on their backsides? Of course not.Everyone is screwed.
All for national health care;but they should have looked at how it's funded in Germany;Sweden;Canada;etc.And come up with something on similar lines.

Illegal aliens are specifically excluded from the Affordable Care Act. So that is really nothing to do with anything.

On your other idea, the government has deported more illegal aliens in the past 4 years that the previous decade before that, combined. The border is "secure", there is a negative immigration flow to mexico.

Because those with "cadilac" health plans will pay more - does not mean "everyone" is screwed.

And finally, Obamacare is not National Health care. Which is what most other industrialized nations have. The republicans would not allow it.

[ninjadude]

Pyridium, on 26 February 2013 - 11:32 PM, said:

I believe that when ObamaCare fully kicks in, ppl will be paying 3 times as much as predicted.  If you are "middle class" you will get ObamaCare free, also the free Obama cell phone, lol.

You could say a million times but it would be wrong. And middle class does mean something, by definition they will not get Obamacare free. The free cell phone could just as well be called the Bush cell phone as it happened on during his administration.

[F3SS]

So in a year when I get married and piggy back off of my wife's work sponsored health care if the cost of that plan isn't equal to 8% of our combined income then what? We are gonna be penalized? Will we need written statements from her work that says how much the plan costs? Why are these questions still being asked? Why is it so complicated? Why weren't all these issues made plain and clear when selling the bill? Why should I comply? What if I don't? What percentage of the country actually has a clue about any of this shlt? Who all hates this crap?

[Frank Merton]

I think Americans might do well to sit back and wonder what is wrong with their system.  I offer no diagnosis except maybe too many lawyers, which only slightly explains it, but health care there seems a royal mess and getting worse.

I am diabetic, and although I no longer need insulin thanks to medical progress, I still have a regimen of pills I must take regularly for this and blood pressure and angina and my hay fever.  At the same time I handle major medical costs of my extended family, and recently paid for major surgery (implantation of a metal pin) for one nephew from a motorcycle accident and an appendectomy for a daughter.

We have no insurance (there is an irony in Vietnam that if you have insurance you are viewed as second-class -- it is gov't insurance and slow to pay) so we pay cash for everything.  This is cash up front with a refund if the estimate is too high (it always is).  The appendectomy was $78 usd, the treatment of two weeks in hospital for the accident and the surgery was a little under $600 usd, and my ongoing medical visits (monthly) and prescriptions come to less than a hundred usd each month (actually closer to $80 usd).  A few years ago I had major surgery on my knee from an old wound that went on for several hours and cost me less than $300 usd (there has been some inflation since then, I suspect it would be maybe 20 pct more today.

Now, Vietnam is a rough country to be sick in; no money up front, no treatment.  For this reason families are prepared for this sort of problem and there is an elaborate support network of Buddhist and other charities, family support and savings.  I feel sure this is a major reason costs are lower -- people pay attention to what things cost.  Yet health care results here are good and rapidly getting better.

The government is actively involved, with all kinds of subsidies (medical education, hospital construction, special overseas training, free vaccinations, and so on), so this helps keep prices down, as well as the fact that pharmacists can distribute almost any drug without prescription and that the government buys the most common medicines bulk and distributes them at cost.

[ninjadude]

-Mr_Fess-, on 27 February 2013 - 03:03 AM, said:

So in a year when I get married and piggy back off of my wife's work sponsored health care if the cost of that plan isn't equal to 8% of our combined income then what? We are gonna be penalized?

No. I don't think so. you will have insurance. The penalty is for NOT having health insurance.

[Startraveler]

-Mr_Fess-, on 27 February 2013 - 03:03 AM, said:

So in a year when I get married and piggy back off of my wife's work sponsored health care if the cost of that plan isn't equal to 8% of our combined income then what? We are gonna be penalized? Will we need written statements from her work that says how much the plan costs? Why are these questions still being asked? Why is it so complicated?

It's not complicated. You're making it complicated.

If the health insurance available to you is unaffordable, then you can forgo it and face no tax penalty (and in fact in that situation your wife would become eligible for federal subsidies to go buy her own insurance independent of her employer; you'd both also be able to buy catastrophic plans that are generally reserved for people under 30 if you wanted to).

The threshold at which it's deemed unaffordable is 8% of your income. That means if having health insurance requires you to pay 8% or more of your income, you're not subject to the individual mandate penalty. You can still buy the insurance if you want, you can choose to not buy it if you want. But there's no penalty for opting not to in that situation.

I don't know why you're interpreting this number to be some lower limit, as it's the opposite--you never have to spend any more than 8% of your income.