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Thread: Obama care, IRS reveals cheapest plan....

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    Default Obama care, IRS reveals cheapest plan....

    http://www.irs.gov/PUP/newsroom/REG-148500-12%20FR.pdf

    IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family...

    In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

    Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.

    The IRS's assumption that the cheapest plan for family of five will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.

    “The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation says.

    Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.

    In the new final rules published Wednesday, IRS set in law the rules for implementing the penalty Americans must pay if they fail to obey Obamacare's mandate to buy insurance.

    To help illustrate these rules, the IRS presented examples of different situations families might find themselves in.

    In the examples, the IRS assumes that families of five who are uninsured would need to pay an average of $20,000 per year to purchase a Bronze plan in 2016.

    Using the conditions laid out in the regulations, the IRS calculates that a family earning $120,000 per year that did not buy insurance would need to pay a "penalty" (a word the IRS still uses despite the Supreme Court ruling that it is in fact a "tax") of $2,400 in 2016.

    For those wondering how clear the IRS's clarifications of this new "penalty" rule are, here is one of the actual examples the IRS gives:....

    http://cnsnews.com/news/article/irs-...e-20000-family

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    Default Re: Obama care, IRS reveals cheapest plan....

    i now know when i'll be 'retiring' from wages
    "Only a FOOL would let his enemy teach his children" Malcom X

    "When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

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    Default Re: Obama care, IRS reveals cheapest plan....

    Looks like we're gonna need a "Zinc" plan if anybody's going to be able to actually afford insurance under Obamacare.
    Gold and Silver aren't the only metals that preserve wealth. I also have a large supply of Brass and Lead.
    "Si vis pacem, para bellum."

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    Default Re: Obama care, IRS reveals cheapest plan....

    so are they going to phase out catastrophic health care plans? I play <80 dollars a month for a family health plan. I don't see how so many people pay 400 bux/mth for a family health plan just to see a doctor for 20 co-pay.

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    Default Re: Obama care, IRS reveals cheapest plan....

    $60 a month in Canada, one person. Unlimited coverage, though non-emergency service can be a little slower. For a family of four, I think it's about $150/mo.

    Just an observation here; the cost of your O'crappycare is more than the cost of a foreign laborer for an entire year. This legislation prices US people out of the jobs market. Rules like this force people to be grey market or black market employees. It leaves no room for the honest economy.

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    Default Re: Obama care, IRS reveals cheapest plan....

    Interesting. The average family income in our area is something in the mid 30 range. Wonder how they expect them to spend more than half of it on health insurance.
    "Fiat money is the child of the arrogance of human intellect, which has sought to invalidate the laws of human nature which have regarded the precious metals as money for thousands of years, and sought to substitute an intellectual construct for the real thing. Now we are going to pay for that arrogance." Hugo Salinas Price

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    Default Re: Obama care, IRS reveals cheapest plan....

    Quote Originally Posted by samwiii View Post
    Looks like we're gonna need a "Zinc" plan if anybody's going to be able to actually afford insurance under Obamacare.
    I think I can only afford the Plastic Plan.
    "No man's life, liberty or property are safe while the legislature is in session." -- New York State Surrogate Court Judge Gideon John Tucker, Final Accounting in the Estate of A.B._, 1, Tucker (N.Y. Surrogate Court) 247, 249 (1866)

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    Default Re: Obama care, IRS reveals cheapest plan....

    minimum coverage is more expensive because its required to include gender reassignment surgery and a bunch of other nonsense.

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    Default Re: Obama care, IRS reveals cheapest plan....

    This is clearly all Bush's fault.
    Ineptocracy (in-ept-o-cra-cy)—a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

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    Default Re: Obama care, IRS reveals cheapest plan....

    Quote Originally Posted by TnAndy View Post
    Interesting. The average family income in our area is something in the mid 30 range. Wonder how they expect them to spend more than half of it on health insurance.
    They won't have to, the government will subsidize them which means the rest of us middle class idiots will pay for it.

    Thanks for giving me this opportunity to chip in and help out Mr. President...makes me feel all warm and fuzzy inside.

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