WASHINGTON, Jan. 30 (UPI) — The Internal Revenue Service and Health and Human Services Department Wednesday issued regulations on the individual healthcare mandate.
The mandate, which requires nearly all taxpayers without it to purchase health insurance next year, was upheld by the U.S. Supreme Court in a historic 2012 decision.
The government Wednesday explained rules for exemptions to the mandate in regulations regarding IRS penalties for those who choose to remain uninsured after the 2009 Affordable Care Act is fully implemented, The Hill reported.
Individuals eligible for exemptions include people with religious objections to traditional healthcare, people for whom healthcare is not affordable, undocumented aliens, and people who don’t make enough to pay federal taxes.
Short gaps in coverage due to temporary unemployment between jobs won’t trigger a fine.
HHS called the health coverage mandate, the most unpopular part of the healthcare reform law, a system of “shared responsibility” payments.
The penalty for not having health coverage “applies only to the limited group of taxpayers who choose to spend a substantial period of time without coverage despite having ready access to affordable coverage,” an HHS fact sheet said.
Individuals who choose not to purchase medical insurance in 2014 — and don’t qualify for an exemption from the mandate – will be subject to a $95 fine. The penalty grows to $695 by 2016 and then rises annually.
The fact sheet noted the Congressional Budget Office had determined that fewer than 2 percent of Americans would be required to make a payment under the mandate.
Copyright 2013 United Press International, Inc. (UPI).
8 thoughts on “Under ‘Obamacare’ mandate, fine of $95 in 2014 grows to $695 in 2016”
Will be 71 in January, I get $970 a month in ss. I can’t afford insurance or the fine. By the time I pay rent, lights, heating,and water there is dam little for food and gas to get to a doctor. Oh lets not forget meds. What happens to my medicare and Humanna coverage that I get for free. I guess the elderly are just supposed to die off. All the beaners, blacks who don’t work, and whites who think don’t work, have babies they can’t pay for, won’t work because they have a headache and want disability can get out of not getting Obamacare. If this make you mad, well its called free speech.
I received a letter today saying that starting dec 1st medicare will no longer cover medication foir my son.
Can you also afford sculptures, city hall remodel, blue zone and other crap eric bookmeyer made you pay for?
I told you so before the election last year, there is no chance of getting this stopped for the next four years.
Go to North Dakota and get a job.
If you are unemployed, other people pay it for you… Just like before.
How do you pay this if you don’t have a job.
Get a job. I see many signs at restaurants and retail locations looking got help.