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Originally Posted by jhende3
....The fine which some people have gotten up in arms about I heard and I'm not positive on this but it is around 55 dollars that is paid when you file income taxes in April. But like any bill things can change I don't see any dem or republician saying that to low.
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From the NY Times -
http://www.nytimes.com/2010/03/22/yo...veryone&st=nyt
"Although most Americans who do not obtain health insurance would face a federal penalty starting in 2014, many experts question how strict the enforcement of that penalty would actually be.
The first year, consumers who did not have insurance would owe $95, or 1 percent of income,
whichever is greater. But the penalty would subsequently rise, reaching $695, or 2 percent of income."
That means that someone earning $40,000 a year will be fined $400 the first year and $800 the second year. People earning more will have to pay more in fines. But, and here's the kicker, it's not considered a "fine" but a tax. The IRS is now in charge of collecting this tax. Failure to pay it can result in a fine up to $250,000 and/or jail time.
Quote:
Originally Posted by jhende3
But by totally separate law your employer has to offer insurance to you if they have over a certain number of employees. And if they would think it better to pay the fine they better hope it isn't a slow news week, ask AIG about bonuses
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Beginning in 2014, under the reconciliation plan, firms with more than 50 employees must offer health care to employees or pay penalties of up to $2,000 per employee for all but the first 30 workers.
My insurance is over $2,000 a year. Women cost more to insure than men. A $2000 fine is LESS than what most companies pay for premiums per year per employee. They will save money by not offering insurance and paying the fine.
