posted 02-01-2013 10:03 AM                  

These are the lowest tier plans, they have huge deductibles and high co-pays.

(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.

http://cnsnews.com/news/article/irs-cheapest-obamacare-plan-will-be-20000-family

posted 02-26-2013 01:51 PM                  

Government Accountability Office (GAO) report released 2-26-13:

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”
President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”

posted 02-26-2013 09:21 PM                  

Your hospital Medicare admittance has just change under Obama Care. You
must be admitted by your primary Physician in order for Medicare to pay
for it! If you are admitted by an emergency room doctor it is treated as
outpatient care where hospital costs are not covered

And, if you are over 76 years old,,,cancer treatment is not coverage?

http://jetsourceenterprises.com/2013/02/15/obama-care-and-you/

posted 03-02-2013 12:03 AM                  

Did the IRS say that the cheapest health insurance plan under the federal health care law would cost $20,000 per family?

A: No. The IRS used $20,000 in a hypothetical example to illustrate how it will calculate the tax penalty for a family that fails to obtain health coverage as required by law. Treasury says the figure “is not an estimate of premiums.”

Time will tell the truth.

Another example

http://obamacarefacts.com/obamacare-myths.php

I can understand the anxiety over the $20,000 figure and it is all over the internet.

posted 03-02-2013 08:45 AM                  

quote:

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Originally posted by padroo:
1. My advice A/C is to contact your local Social Security Office and ask them this question,,,,

2. I will be signing up for Medicare in three months and I will ask the question myself and will post the answer here.

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1. I have been to my local Soc.Sec. office twice in the past,,,and left when I seen every chair full.(take a #)
There were only about 3 people of retirement age in the place waiting,,,,,the other 100+ were aged 30 to 45 years old waiting to apply for disability benefits and most of them seemed to have no disability other than being a lazy azz who didn't want to work for a living.

2. Good,,,report back with the answers,,,much appreciated

posted 03-02-2013 11:18 AM                  

quote:

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Originally posted by ALLEY CAT:

1. I have been to my local Soc.Sec. office twice in the past,,,and left when I seen every chair full.(take a #)
There were only about 3 people of retirement age in the place waiting,,,,,the other 100+ were aged 30 to 45 years old waiting to apply for [B]disability benefits and most of them seemed to have no disability other than being a lazy azz who didn't want to work for a living.

[/B]

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This seems to be the case everywhere. Have been to our SS office a couple of times to update my wife's name and immigration status and have always had a very long wait. A couple of times we were given absolutely incorrect information but fortunately I knew they were wrong and I had brought the correct info from their own website to dispute them. They do NOT like to be corrected and shown they are wrong. Had to demand a supervisor to get thing right.

posted 03-02-2013 01:40 PM                  

quote:

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Originally posted by padroo:
After all, it is an entitlement, what do you want for free! lol

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Yes it is,,,,and I'm allowed to be 'entitled' to what I put into the fund, plus what my employer's matched,,and 10% interest compounded on top of that for all the years that money was in the fund. Hell, that ain't going to happen,,,only a dream.

Those tax and spend liberals put their sticky fingers into the cookie jar long ago, robbing the funds to spend on those lazy citizens and illegals, thus providing them with far more than what I'll get out of it.