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How can I find out the penalty for not having the right health insurance?
Posted by: I need House ()
Date: October 25, 2016 12:43PM

Self-employed, I have health insurance but it's not the kind that Obamacare considers the "right" health insurance. I want to keep the health insurance I have because I actually like it, but how can I find out what my "penalty" cost will be?

Re: How can I find out the penalty for not having the right health insurance?
Posted by: tax advisers waiting. ()
Date: October 25, 2016 12:47PM

post on FFXU we have tax advisers waiting.

Re: How can I find out the penalty for not having the right health insurance?
Posted by: Pay Up Now ()
Date: October 25, 2016 12:49PM

Stop making us all pay for your doctor visits by increasing our insurance when you default on medical bills.

Go to Obamacare and pay up.

Re: How can I find out the penalty for not having the right health insurance?
Posted by: FFXU tax advisor ()
Date: October 25, 2016 12:51PM

$695 or 2.5% of your income — whichever is higher.

Re: How can I find out the penalty for not having the right health insurance?
Posted by: mmnTd ()
Date: October 25, 2016 12:53PM

They took $30 something a month from my tax refund for not having health insurance. The reason I didn't have insurance was I was unemployed.

Re: How can I find out the penalty for not having the right health insurance?
Posted by: jYdnx ()
Date: October 25, 2016 12:53PM

Call the IRS and ask if yours is on the approved list. If not, be sure you are making an income below the poverty line to get an exemption. See:

https://www.healthcare.gov/health-coverage-exemptions/forms-how-to-apply/


Check out the website cited above to see if you qualify for another exemption. You will need to fill out paperwork for it if you do.

Re: How can I find out the penalty for not having the right health insurance?
Posted by: mYECE ()
Date: October 25, 2016 01:15PM

mmnTd Wrote:
-------------------------------------------------------
> They took $30 something a month from my tax refund
> for not having health insurance. The reason I
> didn't have insurance was I was unemployed.

Find a better tax preparer. You likely could have qualified for an exemption.

Re: How can I find out the penalty for not having the right health insurance?
Posted by: Single Payer Healthcare ()
Date: October 25, 2016 04:45PM

mmnTd Wrote:
-------------------------------------------------------
> They took $30 something a month from my tax refund
> for not having health insurance. The reason I
> didn't have insurance was I was unemployed.


And the government can force you to eat broccoli too even if you don't want it Komrade.

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