Could You Afford $20,000 for Health Care?

According to new rules released last week by the IRS, by 2016 you might have to.

Some conservative news organizations have taken a close look at new rules released by the IRS on Jan. 30 on the new health care regulations and found them wanting … wanting much more, in fact, by 2016.

According to Breitbart.com, the IRS estimates that by 2016 the cheapest Obamacare plan will cost $20,000 for a family of five. That would be for a bronze plan.  Other plans offered go up from there to silver, gold and platinum. The IRS used as an example a family of five earning $120,000 a year. If no family members had insurance, they would be subject to a “shared responsibility” penalty putting them into the Bronze plan. The tax penalty for that is $2,400 a month or $20,000 a year.  Read the IRS regulations here. Alert, there is a lot of reading - examples of plans begin on page 56.

Weigh in on these new rules now released. Do you think your family will be able to afford these costs for health care by 2016?

U B ILL'N February 08, 2013 at 09:21 PM
Lori- yes but hopefully costs will go down with full support. But we are paying that much now. I as a business owner pay half of the employee. So if my group plan charges me 450 for an employee only per month and the family rate is 1675 per month I pay as the employer 225 of the employee's cost and he pays the 225 plus the difference between the family rate and the employee rate which is $1450 per month comes for he and his family. If you work for a larger corporation which "Chris P" doesnt seem to understand is that they lets say have 1000 employees decide for themselves what to charge based on the benefits they offered and then they buy reinsurance for catastrophic claims. This has worked until their employees aged into their 50-60s.
U B ILL'N February 08, 2013 at 09:30 PM
So Chris P, my opinion is that you sound like a tax dodging contractor. Subchapter S corp pay your self a dividend or distribution. Hire people off the books (cash) or 1099 them so you don't have to deal with the "paperwork" and work comp expense. Man the biggest hypocrite of them all. Tell me what do you do right now if your business was so slow you couldn't afford the group health plan you and your "family" employees are on but you didnt realize that you don't qualify for individual coverage because they won't write preexisting conditions. (there is a reason for this its called COBRA) but at the individual level COBRA doesnt protect us and if the master plan is defunct there is no COBRA offered at all to at least extend your benefits while you look for a job with insurance. So Chris P, now you have assets and money but you can't get the coverage and you have that damn heartattack. Guess what you lose it all again... .Hows that for fair? Oh and your family got fcked too cause maybe one of them is insulin dependent diabetic. So maybe this Obamacare thing does help the middle??????? I can't stand know it all teabaggers most racists of them all!!!! Go join Michelle Bachmann and her gay husband as they pray the gay away!!!
Chris P February 08, 2013 at 09:45 PM
U B ILL'N First you know what happens when you Assume something? Second an apology is due from you. FYI everyone of your assumptions is incorrect. Perhaps I should sue you for libel??? Third anyone who claims that Obama care will save the average American money is either a moron or a liar. Which one are you?? Fourth if you want affordable healthcare the first thing you do is get rid of Obama care. Fifth its good to know that I got under your skin !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ROFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
U B ILL'N February 08, 2013 at 10:02 PM
I appreciate you Chris because sincerely, you are the reason we won, it wasn't 10 counts of voter fraud or the mass buses of poor people coming to collect their freebies it was the TEA PARTY. :}
Chris P February 08, 2013 at 10:32 PM
U B ILL'N You sir are the reason for the downfall of America. Liberals such as yourself who despise this country and the values that made it great. Being liberal and ignorant is no way to go through life.


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