Thanks to C-SPAN for broadcasting this speech from President Obama
Thanks to C-SPAN for broadcasting this speech from President Obama
For whatever reason you can’t afford the insurance available in the healthcare exchange affiliated with the Affordable Care Act (aka ObamaCare), well here’s your options:
1) Pay the Individual Shared Responsibility Payment, or
2) File for an exemption
If you didn’t know about the penalty here’s excerpts from healthcare.gov further explaining the Individual Shared Responsibility Payment:
The penalty increases every year. In 2015 it’s 2% of income or $325 per person. In 2016 and later years it’s 2.5% of income or $695 per person. After that it’s adjusted for inflation.
If you’re paying under the $95 per person method, in 2014 the payment for uninsured children is $47.50 per child. The most a family would have to pay under this method in 2014 is $285.
You make the payment when you file your 2014 taxes, which are due in April 2015.
If you’re uninsured for just part of the year, 1/12 of the yearly penalty applies to each month you’re uninsured. If you’re uninsured for less than 3 months, you don’t have to make a payment.
If you pay the fee, you’re not covered
It’s important to remember that someone who pays the penalty doesn’t have any health insurance coverage. They still will be responsible for 100% of the cost of their medical care.
After open enrollment ends on March 31, 2014, they won’t be able to get health coverage through the Marketplace until the next annual enrollment period, unless they have a qualifying life event. Learn more about qualifying for coverage outside Open Enrollment.
Now if you’re getting stressed out, or a little hot under the collar about this tax/penalty, and you can’t afford this due to a financial hardship or other reason, healthcare.gov has listed the reasons and steps on how you can file for an exemption to the penalty/tax that is assessed on all individuals and families that aren’t insured and actively participating.
According to healthcare.gov one reason for an exemption is, “You don’t have to file a tax return because your income is too low” Review the link below for more reasons and details on how to file for exemption:
To find out what qualifies as a Qualifying Life Event, visit: https://www.healthcare.gov/glossary/qualifying-life-event
What are your thoughts about the Individual Shared Responsibility Payment?
Do you find this option helpful and empowering, or is this option even more taxing on your life?
What are your personal options if you can’t afford insurance but also earn too much to qualify for government-assisted healthcare such as Medicaid and MediCal?
Share your comments and feedback. Let’s have some healthy dialogue. Knowledge is power. Learned lessons build wisdom.
Gallup just recently released the following update:
Americans are no more familiar with the healthcare law now than they were last August, when Gallup began asking Americans about it. Republicans are more likely than other adults to say they are very or somewhat familiar with the law.
Read more here
Oooh it’s getting better and better, and now The New Yorker has chimed in on ObamaCare, and its impact on small business and the U.S. As a small business owner I need to know all of the facts because every decision made, and every law passed, ultimately impacts me and the companies I operate. So I decided to quickly summarize their fact checking which you can find here: http://wp.me/p11NVc-6T
Share your thoughts and if you are a small business owner, does this information lessen your stress or confuse you even more?
For those of you who are anti-ObamaCare, does this change your mind or make you dig your heels in deeper?
Let’s have some healthy dialogue!
Copyright 2013. All Rights Reserved. Natasha Foreman Bryant. Paradigm Life.
By Natasha Foreman Bryant
First let me start off by thanking my friend and colleague Steve Woodsmall for sharing the video link below with me. I know that the headline of my post has probably left all or most of you scratching your head. I’m hoping that it does and that you have not already voiced an opinion for either Obamacare or the Affordable Care Act.
I say this because they are both one in the same, and oh yeah, so is Health Care Reform.
What is amazing is that there are probably thousands and thousands of people who don’t realize this and they have voiced their opinions strongly within their households and publicly, either for or against ObamaCare, the Affordable Care Act, or Health Care Reform.
Please watch this video so that you can see for yourself how people who seem to be well-educated are also extremely ignorant on this topic, and why we all must take the time to:
1) Increase our level of common sense with as much passion as we pursue our formal education, and
2) Teach people to think for themselves, research, ask questions, and not be so quick to follow the crowds.
To put things bluntly, if the people in this video were cattle they would’ve already been slaughtered, because they allowed themselves to be brainwashed into believing one thing and one thing only, and they naively and ignorantly have followed this belief (and those who preach it) down a rabbit hole of nonsense.
If they don’t know about this, what else are they blindly swayed by? What other topics have they been chiming in on and voting on the last 12+ years? How many of their relatives, neighbors, colleagues, and friends think and vote just like them?
How many voters or potential voters does that add up to?
Now think about this… think about all of the local, state, and federal elections that these individuals and others participate in regularly because they want their voice heard and their vote counted.
I have heard voters over the years admit to simply filling in boxes on the ballot even though they had no clue what the topics and laws meant, or how they would be impacted. They would’ve been better off just voting for the one or two candidates they wanted, and leaving the rest of the ballot blank, but instead they took it upon themselves to cast a vote for things they knew nothing about. We’ve been brainwashed to chime in and ‘fill in the bubble’ on issues with the same carelessness as we do multiple choice exams where you simply fill in a bubble.
How many of you recall teachers and proctors telling you to simply, “answer each question even if you don’t know the right answer, just fill in a bubble with your best guess because you may just get the right answer...” How many of you can admit to randomly filling in C-A-B, A, C, B, and so on, and reciting what you were taught that, “there’s a higher probability of ‘C’ being the correct answer“. Well there seems to be a lot of ‘fill-in-the bubble’ people in this country.
This truly bothers me. Just like this ObamaCare versus Affordable Care Act debate and foolishness.
Come on folks, with all of the technology and resources available to us, take the time to inform and educate yourself about topics, laws, statutes, etc., especially the ones that affect millions of people, and possibly even your own family.
Just because you hear a message repeated multiple times does not mean that the message is accurate. Just because an image is shown to you repeatedly, doesn’t mean that what you see and what you are being told that you see are identical. If someone tells you that the letters G-R-E-E-N represent the color blue and you don’t take the time to research that, you will spend your entire life believing that to be true. A yellow building will always be pink if you never question or triple-check the person telling you that it’s pink. These are the critical thinking skills we claim we are teaching our kids to acquire and use.
If you don’t know about the Affordable Care Act also known as ObamaCare, please visit http://healthcare.gov or call (800) 318-2596.
TTY is (855) 889-4325. Small businesses with 50 or fewer employees can call (800) 706-7893. TTY is (800) 706-7915.
To help better educate the people of this great nation, please share that website and the phone numbers with every person that you know regardless if they have health insurance or not. They need to know the facts. They need to know that:
1) The Affordable Care Act is available for all persons who are uninsured or facing this gloomy fate.
2) It’s an open marketplace that allows citizens to find affordable insurance without the fear and burden of pre-existing condition clauses, and other red tape normally associated with the health insurance game.
3) If they are already insured by their employer or have self-paid insurance then they don’t need to do anything but enjoy their insurance benefits.
4) Those receiving state assistance already have Medicaid (which in California is Medi-Cal). As they transition into jobs and better opportunities, they will have more options afforded by the open marketplace.
5) Children of employees are now covered by their employer-sponsored insurance up to the age of 26, when most insurance carriers traditionally drop dependents from coverage between the ages of 18 and 23.
6) It doesn’t apply to or affect everyone.
There’s so much more information that people need to discover about the Affordable Care Act that they won’t learn by simply watching the news, listening to radio or television programs, or gossiping about it in the barber shop or hair salons—or even on the golf course.
Like or dislike the Affordable Care Act after you have been well-versed and done exhaustive research. We need people to really use their common sense and their critical thinking skills. Let’s think, educate and empower ourselves and our people!
Video Source: http://www.hulu.com/watch/539715
Video Footage: Jimmy Kimmel Live
Copyright 2013. Some Rights Reserved. Natasha Foreman Bryant