Even More Obamacare Follies

#3,326
#3,326
Vol8188 said:
What's your annual income? Just yours.
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None of your damned business, because I am a private citizen, working on the private sector. I am not a public servant. Oh wait... is that racist to refer to Obola as a "servant"?
 
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#3,327
#3,327
Vol8188 said:
He doesn't believe anyone else does. Why won't he answer the question?

I'll tell you why...he's a damn russian spy! That's why!
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Pravda Droog. I am GRU. And I know where you live.

Your "argument" on this topic is amazingly lame, even for you.
 
#3,328
#3,328
Ernest T. Vol said:
When you file your 2014 return in 2015, there will be a box to check on page 2 of the 1040 that says you had "full year coverage". If you don't check that box, then you will have to go through new forms and procedures to calculate the tax.
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still doesnt show anything - dont have it and check the box - still how do they know ?
 
#3,329
#3,329
508mikey said:
still doesnt show anything - dont have it and check the box - still how do they know ?
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The box to check stating you (and everyone else in the household on your return) had insurance the entire year will be on page 2 of the 1040 in the other taxes section. The health insurance marketplace will be issuing a new form called 1095-A to purchasers of insurance. It functions just like a 1099 (the IRS gets a copy sent to them) and the details of the transaction showing: coverage by month, premiums for the plan and advance payments of the credit.
 
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#3,330
#3,330
Ernest T. Vol said:
The box to check stating you (and everyone else in the household on your return) had insurance the entire year will be on page 2 of the 1040 in the other taxes section. The health insurance marketplace will be issuing a new form called 1095-A to purchasers of insurance. It functions just like a 1099 (the IRS gets a copy sent to them) and the details of the transaction showing: coverage by month, premiums for the plan and advance payments of the credit.
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How will the subsidies given to purchase insurance effect one's taxes or does it?
 
#3,331
#3,331
Gramps said:
How will the subsidies given to purchase insurance effect one's taxes or does it?
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The credit is available to those between 100% and 400% of the poverty lines. If you go above or below, no credit is allowed. When someone goes to healthcare.gov, the application process attempts to figure this out generally based on circumstances. If the person qualifies for the credit, they choose whether to take the credit during the year or when filing a tax return. The credit is only an estimate based on inputs and has to be reconciled on the tax return. The marketplace is going to issue a 1095-A (works like a W-2 or 1099) by Jan 31st and the IRS gets a copy. It will detail the coverage by month, premiums paid, and any advance payments of the credit. Then you take that info to new form 8962 that reconciles to your actual insurance situation. It is long and complex so as to capture everyone's personal circumstance. At the end of the run around, any over payment of the credit will be added to the extra taxes line on the 1040.
 
#3,332
#3,332
Gramps said:
How will the subsidies given to purchase insurance effect one's taxes or does it?
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I think that's to be determined. I would expect a lawsuit or two in this area to clarify things. Since the Supremes have deemed it a tax, I don't see how subsidies cannot be considered income, and payments for insurance forced on you be considered taxation. That's what would be "fair" but the .gov doesn't care about "fair" unless it entails taking more from "rich" people... like all of us.
 
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#3,333
#3,333
http://www.nytimes.com/2014/12/28/us/obamacare-medicaid-fee-increases-expiring.html

WASHINGTON — Just as millions of people are gaining insurance through Medicaid, the program is poised to make deep cuts in payments to many doctors, prompting some physicians and consumer advocates to warn that the reductions could make it more difficult for Medicaid patients to obtain care.

The Affordable Care Act provided a big increase in Medicaid payments for primary care in 2013 and 2014. But the increase expires on Thursday — just weeks after the Obama administration told the Supreme Court that doctors and other providers had no legal right to challenge the adequacy of payments they received from Medicaid.

The impact will vary by state, but a study by the Urban Institute, a nonpartisan research organization, estimates that doctors who have been receiving the enhanced payments will see their fees for primary care cut by 43 percent, on average.
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#3,339
#3,339
508mikey said:
Dilemma over deductibles: Costs crippling middle class. this is what sucks about Barrys incompetent law
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#3,340
#3,340
FLVOL_79 said:
Oh nice it rises each year for inflation! Good thing our government makes sure TAXES adjust but lets say, social security, or the federal minimum wage can languish. Dumb.
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Yes, but the value of those taxes are less so you should be OK.
 
#3,344
#3,344
As of now it looks like the insurance companies have come out ahead with the loss from pre-existing overcome by the increase in deductibles experienced by the main contributors. The next move comes soon when small businesses eliminate their group polices, giving employees a stipend, and forcing them into the marketplace. I think thats why they delayed the employer mandate last year?
 
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#3,349
#3,349
lawgator1 said:
I'm wondering what your source is on this because I looked a few of these up and your claims in the post are not accurate.
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Gonna need your source.

And the democrat underground doesn't count.

I wouldn't be surprised though if obama's delay of them is part of the 2014 mid terms.

Taxes are going up LG. Free health care isn't free.
 
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#3,350
#3,350
Obsessed said:
Gonna need your source.

And the democrat underground doesn't count.

I wouldn't be surprised though if obama's delay of them is part of the 2014 mid terms.

Taxes are going up LG. Free health care isn't free.
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I googled the cap gains rate and the Medicare tax. The rates are unchanged according to what I read. Motley fool I think it was. The FICA max goes up every year, I.e. The amount on which the tax is paid increased as if normally does. But not the rate.
 
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