SomaliNet Forums

Shirib wrote:waryaa,

My insurance rates are rising next year by a lot, and they're covering less, and the reason that the insurance company is stating is because of the health care bill.

I'm confused

waryaa wrote:

Perfect_Order wrote:Waryaa for those who can afford insurance but opt out will be charged a tax penalty. If you can't afford it the gov will pay for it like medicare.

po, how will the gov determine if I am eligible for free healthcare? Is it based on previous year's income tax return filing? Is there a cutoff income clause or will your premium payments depend on your income - sliding income/payment ratio?

8. Calculation of Individual Mandate Penalty(Tax)
If an applicable individual fails to purchase an insurance plan in one of the many ways allowed, the individual must pay a penalty. Id. § 5000A(b)(1). The annual penalty will be either: (1) a flat dollar amount, or (2) a percentage of the individual's income if higher than the flat rate. Id. § 5000A(c)(1). However, the percentage-of-income figure is capped at the national average premium amount for bronze-level plans in the Exchanges.[fn53] Id.

The flat dollar penalty amount, which sets the floor, is equal to $95 in 2014, $325 in 2015, and $695 in 2016. Id. § 5000A(c)(2)(A), (c)(3)(A)-(C). Beyond 2016, it remains $695, except for inflation adjustments.[fn54] Id. § 5000A(c)(3)(D).

The percentage-of-income number that will apply, if higher than the flat dollar amount, is a set percentage of the taxpayer's income that is in excess of the tax-filing threshold (defined in 26 U.S.C. § 6012(a)(1)).[fn55] Id. § 5000A(c)(2). In any [*1260] event, the total penalty for the taxable year cannot exceed the national average premium of a bronze-level qualified health plan. Id. § 5000A(c)(1).

FAH1223 wrote:Free preventative care, able to stay on hooyo/aabo's insurance till age 26, no pre-existing condition discrimination, among other benefits...

The flat dollar penalty amount, which sets the floor, is equal to $95 in 2014, $325 in 2015, and $695 in 2016. Id. § 5000A(c)(2)(A), (c)(3)(A)-(C). Beyond 2016, it remains $695, except for inflation adjustments.[fn54] Id. § 5000A(c)(3)(D).

waryaa wrote:

Shirib wrote:waryaa,

My insurance rates are rising next year by a lot, and they're covering less, and the reason that the insurance company is stating is because of the health care bill.

I'm confused

Shirib, I heard it is across the board. If you see a social program promoted by democrats, it means more burden on the average Joe

waryaa wrote:fah, can u translate this to plain English? tnx

The flat dollar penalty amount, which sets the floor, is equal to $95 in 2014, $325 in 2015, and $695 in 2016. Id. § 5000A(c)(2)(A), (c)(3)(A)-(C). Beyond 2016, it remains $695, except for inflation adjustments.[fn54] Id. § 5000A(c)(3)(D).

$95 per what? of what?

waryaa wrote:lol - how d u guys get these gifs

Newhargeisagirl wrote:^ you are celebrating too early my friend dont you think? Mitt Romney made it clear yet again today that he is going to be replead and replace the bill in his first day in office this is exactly the same issue why the Dems lost the election in 2010 and it's certainly going to happen again in November. Abdiwahab have you even read the bill or watched the news lately because all this law does is impose extra taxes on anyone who can't already afford health insurance, and if one can't afford health insurance, one won't be able to afford the extra tax, and when that happens people will go to prison for tax evasion Anwyayz I don't understand what the buzz is since the bill wont even take effect until 2014