Eaglewings
Platinum Member
- Aug 9, 2012
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Cost of Cheapest Obamacare Plans Is Soaring Cost of Cheapest Obamacare Plans Is Soaring - Bloomberg View Libs yelling squirrel again as they pummel the poor and middle class into oblivion forcing them to buy crappy policies they cant afford
2016: The worst year yet for Obamacare penalties
The penalties reach their worst next year, with huge increases coming once again. The per-person charge in 2016 jumps to $695 per adult and $347.50 per child, topping out at a whopping $2,085 per family. The income-based penalty rises to 2.5%.
Not sure how income level figures in all this madness? 2.5% of 84K is about 2K?
The only link to back you up is at Fool.Com seriously. Do you have a legit link? The Motley Fool
I am looking for better. This one says same.
The Individual Mandate | ObamaCare Watch
Beginning in 2014, the federal government will impose new fines on citizens and legal residents who do not obtain government-approved insurance. Those without insurance will pay a tax that is the greater of a flat fee, or a percentage of family income. The flat fee will be phased in over several years. In 2014, the penalty will be $95 per adult in an uninsured household, increasing to $325 in 2015, then to $695 in 2016, after which it will increase annually in line with consumer inflation. For uninsured children, the fine will be half the amount applied to uninsured adults. If greater, households pay 1 percent of their income in 2014, 2 percent in 2015, and 2.5 percent in 2016 and thereafter in lieu of the flat per person fee.
I really did not want HOMEWORK on SUN morning.
Thank you~