....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.
Originally Posted by jhende3
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.
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
Originally Posted by jhende3
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.