|MonkeyZazu||# Posted on October 29, 2013 at 8:43 pm|
This post is for you and anyone else who just wants straight up information on the mandatory health insurance. At the bottom of this post will be links to where I’m getting all of this information from, which is http://healthcare.gov for the most part. Even though I’m providing this info, please still do your own research into this topic. Just getting all of your information from one source isn’t very wise.
First to answer your questions:
Will it be taken directly out of my pay check? – No
Is it true that people who make 20,000 or less a year are exempt from this?
What is the penalty for not having insurance?
If my employer does not offer health insurance, what does that mean in regards to this?
One thing that I would like to make clear about this Affordable Health Care Act, which is the act that is pretty much making health insurance mandatory, THIS IS NOT A TAX. I repeat, this is not a tax. Calling this a tax would be the same thing as calling your monthly “rent” a tax. It’s not a tax. It’s a law requiring you to get health insurance, which is a bill. Taxes are what governments use in order to provide services to a country. Social Security and Medicare are taxes that are taken out of your paycheck. This Affordable Health Care Act “requires all people who can afford it to take responsibility for their own health insurance by getting coverage or paying a fee.” The government is not providing you with health insurance, the health insurance company of your choice. Once again, not a tax.
If you don’t have health insurance, Obama created the Health Insurance Marketplace in order to help people find affordable health insurance. If you go to this link(https://www.healthcare.gov/find-premium-estimates/) it will give you an estimate of what your expected monthly premium will be, which depends on what plan you choose.
Once again, this is my understanding of this information that I have found. Please research this own your own to come to your own understanding.
What if someone doesn’t have health coverage in 2014?
How do I get an exemption from the fee for not having health coverage?
Exemptions, Standard Deduction,and Filing Information
What is the Health Insurance Marketplace?
How Federal Taxes Work