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So I will no longer have health insurance next year.....

Posted on 11/17/15 at 6:49 pm
Posted by Wishnitwas1998
where TN, MS, and AL meet
Member since Oct 2010
58107 posts
Posted on 11/17/15 at 6:49 pm
Who here knows what I am legally required to do? I don't mind being without insurance honestly as young as I am but I realize that's not super smart. I guess my question is what am I legally required to do regarding Obamacare and by when do I have to do it?
Posted by blue_morrison
Member since Jan 2013
5112 posts
Posted on 11/17/15 at 6:53 pm to
Hop on that free gubment healthcare. It's ok, you can just pay later.
Posted by sullivanct19a
Florida
Member since Oct 2015
5239 posts
Posted on 11/17/15 at 6:53 pm to
Ask John Roberts, he can tell you all about the 'tax' you're subjected to.

Many people have gone your route - much cheaper for them.
Posted by Brosef Stalin17
Member since Sep 2014
1090 posts
Posted on 11/17/15 at 6:54 pm to
you have from now until jan 31 to enroll:
LINK
This post was edited on 11/17/15 at 6:55 pm
Posted by Agforlife
Somewhere in the Brazos Valley
Member since Nov 2012
20102 posts
Posted on 11/17/15 at 6:57 pm to
Depends, I was without in 2014 and it was supposed to only hit me at approx $139 on my taxes, in reality it cost me roughly $1500 at tax time. Just go to the government Healthcare site and pick a cheap plan with a high arse deductible and you won't spend much.
Posted by Duke
Twin Lakes, CO
Member since Jan 2008
35606 posts
Posted on 11/17/15 at 6:58 pm to
There's this thing called Google. I'd advise asking it for its wisdom on the matter.
Posted by Wishnitwas1998
where TN, MS, and AL meet
Member since Oct 2010
58107 posts
Posted on 11/17/15 at 8:16 pm to
So if I don't enroll I will have some sort of fine at tax time? Didn't know how long the grace period was, I know the penalties didn't go into effect for a couple years

quote:

here's this thing called Google. I'd advise asking it for its wisdom on the matter.


You're absolutely right but since I have a little time, I'm being lazy
Posted by heartbreakTiger
grinding for my grinders
Member since Jan 2008
138974 posts
Posted on 11/17/15 at 8:20 pm to
dont do it. Its a trap brah
Posted by Agforlife
Somewhere in the Brazos Valley
Member since Nov 2012
20102 posts
Posted on 11/17/15 at 8:21 pm to
Yeah you take a tax hit, how much I have no clue but I know mine was damn sure more than what Obama said it would be, lying fricker.
Posted by Wishnitwas1998
where TN, MS, and AL meet
Member since Oct 2010
58107 posts
Posted on 11/17/15 at 8:24 pm to
That sucks, I'd be pissed.
Posted by sullivanct19a
Florida
Member since Oct 2015
5239 posts
Posted on 11/17/15 at 8:49 pm to
You could refuse to pay it. And you could ask for installment plan.

I still don't understand how that was legal, to impose a tax for not purchasing one of those programs. Isn't this the type of stuff that prompted the gov to break up Ma Bell?
Posted by Wishnitwas1998
where TN, MS, and AL meet
Member since Oct 2010
58107 posts
Posted on 11/17/15 at 9:04 pm to
And installment plan on the tax penalty or the premiums? It's pretty funny if they let you do that

And I honestly don't know much about the bell situation
Posted by deltaland
Member since Mar 2011
90498 posts
Posted on 11/17/15 at 9:48 pm to
You can just not pay the tax penalty because they can't come after your assets they can only withhold it from your income tax return. If you make enough to not get taxes back then it cost you nothing
Posted by Stonehog
Platinum Rewards Club
Member since Aug 2011
33329 posts
Posted on 11/17/15 at 9:49 pm to
I think the penalty is 1% of your income over $10,000.
Posted by Alahunter
Member since Jan 2008
90738 posts
Posted on 11/17/15 at 10:10 pm to
quote:

You can just not pay the tax penalty because they can't come after your assets they can only withhold it from your income tax return. If you make enough to not get taxes back then it cost you nothing


Until some Gov't yahoo decides it's worth $30K to go to court and put leins on your $200 you owe.


eta- I'd just like to take this opportunity to say... frick Obama. frick every Dem that voted for this shite legislation and frick every weakminded, idiot pussified, greedy, piece of shite voter that voted for Obama or any Dem that voted for this shite legislation. I hope you suffer from a very painful health issue that can't be treated because your insurance won't cover it due to astronomical deductibles/out of pockets and premiums. Thanks for listening.
This post was edited on 11/17/15 at 10:13 pm
Posted by Wishnitwas1998
where TN, MS, and AL meet
Member since Oct 2010
58107 posts
Posted on 11/17/15 at 11:40 pm to
quote:

You can just not pay the tax penalty because they can't come after your assets they can only withhold it from your income tax return. If you make enough to not get taxes back then it cost you nothing


Hmmm........this sounds like an appetizing plan BUT....

quote:

Until some Gov't yahoo decides it's worth $30K to go to court and put leins on your $200 you owe.


This makes me very nervous.......BUT....

quote:

I think the income is 1% of your income over $10,000


This would make my penalty $0 bc......well......lets just not get into all that.........................nobody ITT works for the treasury Dept right?
This post was edited on 11/17/15 at 11:44 pm
Posted by STLSU
Hallandale Beach, FL
Member since Dec 2004
14683 posts
Posted on 11/18/15 at 12:14 am to
just sign up for the local free county insurance. you're in the clear, or at least people used to be as of last year.

i know of no one they went after, and if they do, it's like getting a red light ticket. challenge it.
Posted by stinkdawg
Savannah, smoking by the gas cans
Member since Aug 2014
4072 posts
Posted on 11/18/15 at 5:40 am to
Don't worry about it.You have insurance this year. When you do your taxes in April, the tax form will ask if you had insurance for the year 2015. Which you did. You don't need to buy anything until enrollment 2016.
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57002 posts
Posted on 11/18/15 at 7:34 am to
Just a Tax penalty. otherwise sign up for the marketplace. if you are not poor, be prepared to get raped. Mine rose $510 a month, since everyone is now forced into maternity coverage.
This post was edited on 11/18/15 at 7:35 am
Posted by DownSouthJukin
Coaching Changes Board
Member since Jan 2014
27183 posts
Posted on 11/18/15 at 8:32 am to
quote:

You don't need to buy anything until enrollment 2016.


Which is right now until either December 31 or January 1.

Edit: I think I'm OK for early enrollment because Assurant is not offering health insurance (at least to me) in 2016. So, I'm not sure about regular enrollment for 2016. Anyway, I just enrolled in the highest deductible plan ($6,800) at a premium of $256.00. I'll never even meet a gold level $1,000 deductible, anyway, unless something goes horribly wrong.
This post was edited on 11/18/15 at 11:55 am
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