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How will I be penalized if I don't buy health care coverage under ObamaCare?
Wiki User
∙ 10y ago
The IRS will receive data from the Dept of Health and Human Services (the department charged with administering the ACA) to indicate that a person (or family) has not obtained proper coverage.
When you file your taxes, the IRS will then add the appropriate penalty to your taxes, requiring you to either pay more, or reduce the refund owed you.
Despite common lore, the IRS can most certainly enforce this tax penalty. The specific actions that the IRS is allowed to perform to collect this debt are more limited than for a normal tax debt (i.e. they can't seize property, but they CAN garnish wages), but the IRS nonetheless can collect on it.
Wiki User
∙ 10y ago
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Can individuals refrain from purchasing health insurance under Obamacare?
No people will have to make sure they purchase healthcare with Obama care. If they do not they will be charged a fee for not doing so. They will be penalized for not being covered.
Did ObamaCare increase the the years of coverage if the child is in college?
Yes. Under the Affordable Care Act (called "ObamaCare" by some), if you have a child, whether in college or not, that child can stay on your health insurance plan until age 26.
How will people with chronic illnesses be affected under ObamaCare?
Insurance companies will no longer be able to deny coverage to them for having preexisting conditions.
Will the Amish be required to purchase health insurance under ObamaCare?
No, they will not. In fact, there is a special exemption for their religious beliefs.
Does the employer or employee pay for health care under obamacare?
Obamacare does not have a specific percentage that employers and workers have to pay. However, an employee cannot pay more than 9.5 percent of his income to join the employer's plan and cover himself. (The amount he pays for family coverage can be higher than 9.5 percent of his income or his household income.)
Do part time employees get health insurance under ObamaCare?
Obama's health care plan does not require employers to extend health insurance benefits to part-time employees.
Will there be fines for not having health care in the US under Barack Obama?
Obamacare as we know it now will impose a $3,800 tax on a family not covered by health insurance.
Is obamacare free?
Is anything really ever free? In most cases health insurance coverage under ObamaCare will require some level of premium contribution. When purchased through an employer the employee contribution can be no higher than 9.5% of family income for that employee. Dependent coverage may cost more. When purchased through a state exhcange as an individual subsidies help lower the premium costs, but they never reach zero. Families qualifying for Medicaid receive coverage at no premium costs. In states that expanded Medicaid there may be asset recovery at time of death.
Will ObamaCare protect your predisposed condition?
I think you mean a "pre-existing" condition. That refers to a condition you already have, and some health insurance companies used to refuse to cover you if you had an illness already (like cancer, or heart disease or diabetes). But under the president's health plan, companies will no longer be able to deny you coverage just because you have a pre-existing condition.
Does Medicaid count under obamacare?
Yes.
What percentage of African Americans under age 65 did not have health care coverage in 2010?
21%
Why do people have to pay for medical coverage they don't need under Affordable Health care act?
People have to pay for medical coverage they don't need under the Affordable Care Act so that coverage will be more affordable for sick people who need it.
