Home Mail MemberMap Chat (4) Wallpapers
Go Back   ChiefsPlanet > The Royal Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 02-01-2013, 07:38 AM  
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

(CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.

The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.

The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.

“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation says.

Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.

In the new final rules published Wednesday, IRS set in law the rules for implementing the penalty Americans must pay if they fail to obey Obamacare's mandate to buy insurance.

To help illustrate these rules, the IRS presented examples of different situations families might find themselves in.

In the examples, the IRS assumes that families of five who are uninsured would need to pay an average of $20,000 per year to purchase a Bronze plan in 2016.

Using the conditions laid out in the regulations, the IRS calculates that a family earning $120,000 per year that did not buy insurance would need to pay a "penalty" (a word the IRS still uses despite the Supreme Court ruling that it is in fact a "tax") of $2,400 in 2016.

For those wondering how clear the IRS's clarifications of this new "penalty" rule are, here is one of the actual examples the IRS gives:

“Example 3. Family without minimum essential coverage.

"(i) In 2016, Taxpayers H and J are married and file a joint return. H and J have three children: K, age 21, L, age 15, and M, age 10. No member of the family has minimum essential coverage for any month in 2016. H and J’s household income is $120,000. H and J’s applicable filing threshold is $24,000. The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000.

"(ii) For each month in 2016, under paragraphs (b)(2)(ii) and (b)(2)(iii) of this section, the applicable dollar amount is $2,780 (($695 x 3 adults) + (($695/2) x 2 children)). Under paragraph (b)(2)(i) of this section, the flat dollar amount is $2,085 (the lesser of $2,780 and $2,085 ($695 x 3)). Under paragraph (b)(3) of this section, the excess income amount is $2,400 (($120,000 - $24,000) x 0.025). Therefore, under paragraph (b)(1) of this section, the monthly penalty amount is $200 (the greater of $173.75 ($2,085/12) or $200 ($2,400/12)).

"(iii) The sum of the monthly penalty amounts is $2,400 ($200 x 12). The sum of the monthly national average bronze plan premiums is $20,000 ($20,000/12 x 12). Therefore, under paragraph (a) of this section, the shared responsibility payment imposed on H and J for 2016 is $2,400 (the lesser of $2,400 or $20,000).”

http://cnsnews.com/news/article/irs-...e-20000-family
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 09:50 AM   #46
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
Quote:
Originally Posted by La literatura View Post
So you're not implying that you agree that the cheapest Obamacare plan will be $20K per family?

Do you really expect us to believe that?
Again, you are going to make a terrible litigator. Let me ask you this, does a reporter have to have a specific take on every story they report? And moreso is their take relevant to reporting a story at all?
__________________
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 09:50 AM   #47
suzzer99 suzzer99 is offline
MVP
 
suzzer99's Avatar
 

Join Date: Jan 2010
Location: LA
Casino cash: $8029
Quote:
Originally Posted by petegz28 View Post
Actually a lot of companies, including the law firm I left in May, will be moving towards giving you a flat amount of $1500 or so and offering nothing but high-deductible plans.
Which will probably work out great and give you more choices, now that you don't have to worry about being denied for pre-existing conditions on the open market.
Posts: 5,358
suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 09:50 AM   #48
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
Quote:
Originally Posted by suzzer99 View Post
Which will probably work out great and give you more choices, now that you don't have to worry about being denied for pre-existing conditions on the open market.
And will actually cost a lot more in the long run should you have to use your insurance.
__________________
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 09:50 AM   #49
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $5000
Quote:
Originally Posted by petegz28 View Post
I posted the thread as story as is. You already failed once saying I implied something. Don't flatter yourself so much.
So you do realize that the newstory itself is being deceptive, then? And then you just wanted to forward a deceptive newstory?
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
  Reply With Quote
Old 02-01-2013, 09:51 AM   #50
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
Quote:
Originally Posted by La literatura View Post
So you do realize that the newstory itself is being deceptive, then? And then you just wanted to forward a deceptive newstory?
Take it up with the author of the story, counselor.
__________________
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 09:51 AM   #51
suzzer99 suzzer99 is offline
MVP
 
suzzer99's Avatar
 

Join Date: Jan 2010
Location: LA
Casino cash: $8029
Quote:
Originally Posted by petegz28 View Post
And will actually cost a lot more in the long run should you have to use your insurance.
Not if you choose to spend your $1500 on a low deductible plan. Or do you mean $1500 a year?
Posts: 5,358
suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 09:52 AM   #52
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $5000
Quote:
Originally Posted by petegz28 View Post
Again, you are going to make a terrible litigator. Let me ask you this, does a reporter have to have a specific take on every story they report? And moreso is their take relevant to reporting a story at all?
So you think that the website wasn't intending to imply that the cheapest Obamacare plan will cost 20K per family?
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
  Reply With Quote
Old 02-01-2013, 09:52 AM   #53
Garcia Bronco Garcia Bronco is offline
No Keys, No Problem
 

Join Date: Sep 2000
Location: Denver
Casino cash: $6062
Quote:
Originally Posted by suzzer99 View Post
Which will probably work out great and give you more choices, now that you don't have to worry about being denied for pre-existing conditions on the open market.
Being a member of a group plan...he would not be denied because of pre-existing conditions prior to the AHCA.
Posts: 22,209
Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 09:53 AM   #54
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $5000
Quote:
Originally Posted by petegz28 View Post
Take it up with the author of the story, counselor.
But you're now implying that you know the story is deceptive, aren't you?
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
  Reply With Quote
Old 02-01-2013, 09:53 AM   #55
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
Quote:
Originally Posted by suzzer99 View Post
Not if you spend your $1500 on a low deductible plan.
Those low deductible plans cost more than $1500. I know people who work for companies that have what are considered great benefits and pay $400 or so a month for low deductible insurace. That is slightly more than $1500 a year and the company is paying a good deal of the additional costs as well.
__________________
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 09:53 AM   #56
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
Quote:
Originally Posted by La literatura View Post
But you're now implying that you know the story is deceptive, aren't you?
Nope. Try again.
__________________
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 09:54 AM   #57
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $5000
Quote:
Originally Posted by petegz28 View Post
Nope. Try again.
Explain the significance of your thread, pete.
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
  Reply With Quote
Old 02-01-2013, 09:55 AM   #58
suzzer99 suzzer99 is offline
MVP
 
suzzer99's Avatar
 

Join Date: Jan 2010
Location: LA
Casino cash: $8029
Quote:
Originally Posted by Garcia Bronco View Post
Being a member of a group plan...he would not be denied because of pre-existing conditions prior to the AHCA.
What I thought he was saying is that they gave him the choice of a high deductible plan, or getting his own insurance and receiving a credit. That would actually be a pretty good option - as the big drawback in the past was that if you try to get your own insurance you have to worry about pre-existing conditions. But now it's like everyone is on a big group plan, so I wouldn't be surprised if some companies start doing that.
Posts: 5,358
suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 09:56 AM   #59
suzzer99 suzzer99 is offline
MVP
 
suzzer99's Avatar
 

Join Date: Jan 2010
Location: LA
Casino cash: $8029
Quote:
Originally Posted by petegz28 View Post
Those low deductible plans cost more than $1500. I know people who work for companies that have what are considered great benefits and pay $400 or so a month for low deductible insurace. That is slightly more than $1500 a year and the company is paying a good deal of the additional costs as well.
Yes of course they are, because they get a big tax break. It's one of the many ways our current health insurance situation is completely screwed up. It does everything to favor large corporations, and screw over small businesses and individuals. Obamacare is at least a step towards leveling the playing field.
Posts: 5,358
suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.suzzer99 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 09:57 AM   #60
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $8620
Quote:
Originally Posted by suzzer99 View Post
Yes of course they are, because they get a big tax break. It's one of the many ways our current health insurance situation is completely screwed up. It does everything to favor large corporations, and screw over small businesses and individuals. Obamacare is at least a step towards leveling the playing field.
Parts of Obamacare level it out. Parts of it make it worse for everyone.
__________________
Posts: 66,077
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 06:18 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.