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Mandatory health insurance 2014?

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Mandatory health insurance 2014?

Postby artis56 » Mon Aug 27, 2012 5:59 am

Mandatory health insurance 2014? What the hell? How is everyone with a low income going to afford this? I cant imagine working at minimum wage after medical and taxes are taken out. Plus that's if they give you your 40 hrs.
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Joined: Thu Mar 31, 2011 11:19 am

Mandatory health insurance 2014?

Postby blade » Mon Aug 27, 2012 6:06 am

First off, if you make less than 133% of the Federal Poverty Level (FPL) you will automatically be placed on welfare.

Second, if you make between 133% and 400% of the FPL you will receive a tax credit when you file your taxes to help pay. Of course, you still have to pay the entire year before you can file your taxes.

Third, you have the option of going without and just paying the Tax/Fine.

If you are interested in where you fall on the FPL you can find out here: http://www.yourhealthplanadvisor.com/FPL.html
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Joined: Sat Apr 02, 2011 10:23 am

Mandatory health insurance 2014?

Postby hutton » Mon Aug 27, 2012 6:11 am

If you are low income you may choose to buy a low cost insurance plan, or you may qualify for Medicaid, or you may be exempt based on hardship. If you buy a basic insurance plan from the insurance exchange you get a tax credit. If you have under $15,000 in annual income as a single person you may qualify for the Medicaid expansion if your state participates.

If you are under 26 you can still go on your parents insurance.

This gives you 3 options.
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Joined: Thu Mar 31, 2011 6:44 pm

Mandatory health insurance 2014?

Postby christy » Mon Aug 27, 2012 6:13 am

It's not mandatory for anyone with too low an income to afford it. It is only mandatory for anyone with enough of an income to be able to afford it. Everyone with too low an income to afford it won't have to afford it, because it won't be mandatory for them.

Also, the medicaid eligibility requirements will be changing, so you might be able to get health insurance for free, without having to afford anything.
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Joined: Fri Apr 01, 2011 6:46 pm

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