A lot of people are learning the bitter truth about ObamaCare the hard way. Almost everyone will learn more by April 15th, 2015. The following article on AOL is designed to sell enrollment in ObamaCare. Instead, it documents the awful reality for a lot of people:
- Open enrollment is over February 15. Millions of people are still without health insurance.
- The reason they are uninsured is that they cannot afford it.
- 80% of people who actually signed up for ObamaCare got financial help.
- This is because without the financial help, ObamaCare is too expensive.
- You have to pay a fine if you don’t have insurance. The fine is either $325 per person or 2% of income above $20,600, whichever is higher. It goes up next year.
- You will also be responsible for 100% of medical care each year.
Many people will learn about this for the first time when they go to file their taxes. It is a very unpleasant surprise. If you choose to not enroll in ObamaCare, you are screwed:
http://obamacarefacts.com/missed-deadline-obamacare/
If you missed the deadline: you won’t be able to get marketplace insurance or an ACA-compliant private plan outside the marketplace until the next annual enrollment period, without qualifying for special enrollment.
In other words, you can’t get ObamaCare and nothing else is available either.
FACT: Those who have been ignoring the requirement to obtain and maintain coverage risk finding out about how it affects them for the first time during the 2015 tax season. Since taxes are due April 15th and Open Enrollment ends February 15th, it creates a gap in which some will want coverage, but won’t be able to get a plan that starts before January 1st, 2016.
If you wait until April 15th, you are already out of options.
In case you wonder how this works let me give an example. Take a typical family of four, two adults, two school age children. The monthly premium is $450 per month, with a $9,000 deductible. If they don’t buy this plan, they will have to pay a fine of at least $1,300 and they will be responsible for all medical expenses with no limitation. This family has the choice of paying $5,400 for insurance that is unlikely to cover any medical expense or paying $1,300 for the privilege of having no insurance at all. How does that sound to you?
To make this worse, the fine is used to pay for the cost of health insurance for those who are unable or unwilling to pay anything. This is not going to play well in Peoria or anyplace else.
SUMMARY
Many people don’t know this because they haven’t done their taxes yet. Since the open enrollment ends February 15th, but taxes aren’t due to be filed until April 15th, a lot of people will figure this out too late to do anything about it. They won’t even have the option of enrolling in ObamaCare until January of 2016. Nice!
This is what happens when the American people allow liberals like Barack Obama, Nancy Pelosi and Harry Reid to take over our health care system. There is a price for stupidity.
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TDM