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Death once had a near-Sarah Palin experience.

calendar   Wednesday - January 28, 2015

They Sell Insurance For This, Right?

6 Million Could Owe IRS Health Insurance  Fine Tax

As many as 6 million U.S. taxpayers will have to pay a penalty of as much as 1 percent of income because they went without health insurance in part or all of 2014, the Treasury Department said.

The penalty, part of the Patient Protection and Affordable Care Act, is designed to force people to sign up for health insurance using the expanded options and financial assistance available under Obamacare. The penalty would apply to about 2 percent to 4 percent of all taxpayers for 2014.

Tax filing for 2014 opened Jan. 20, and the Internal Revenue Service’s Form 1040—for federal income tax—includes a new Line 61 asking if the taxpayer has health insurance. Three-quarters of taxpayers won’t have to do anything more than check that box, said Mark Mazur, the department’s assistant secretary for tax policy. The remainder will have to to take additional steps, though most won’t pay a penalty, he said on a conference call with reporters.

The IRS has been preparing for additional strain during the tax season as people adjust to the rule, warning that about half the people who call its toll-free phone lines won’t be able to get through.

About 3 percent to 5 percent of taxpayers got tax credits last year to help them absorb the cost of paying premiums on Obamacare insurance plans, Mazur said. Ten percent to 20 percent weren’t insured for all or part of the year but will be able to claim an exemption. People who owe a penalty “will pay a fee because they made a choice not to obtain health insurance that they could have afforded, and they’re not eligible for one of the exemptions,” he said.

Hey, I tried for days and days, weeks even, to get through to the government website to sign up. And it never worked right. The only time I could get through to the insurance companies was after the cut-off date, and they wouldn’t take my money at that point. This year, I started applying early, and it still took me until just before the deadline to sign up and get my payment applied. This enrollment window is BS if there isn’t a pro-rated fine period that allows me to sign up after the “penalty free” period. 1/365 per day of whatever my “additional tax” might be sounds right. Because the idea is to get me to have health insurance, right? That’s what this whole thing is about, right? So why did they slam the window shut and then lock it for 11 months?

And what happens when SCOTUS rules on that state subsidy thing and those are declared UC and have to be paid back? And paid back by whom? One more worm, out of the can and now turning. I hope it has poison fangs a foot long.

This whole thing is BS from the get-go.

Save us John Boehner, save us!


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Posted by Drew458   United States  on 01/28/2015 at 10:42 PM   
Filed Under: • Health-Medicine •  
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