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Could You Afford $20,000 for Health Care?

According to new rules released last week by the IRS, by 2016 you might have to.

Some conservative news organizations have taken a close look at new rules released by the IRS on Jan. 30 on the new health care regulations and found them wanting … wanting much more, in fact, by 2016.

According to Breitbart.com, the IRS estimates that by 2016 the cheapest Obamacare plan will cost $20,000 for a family of five. That would be for a bronze plan.  Other plans offered go up from there to silver, gold and platinum. The IRS used as an example a family of five earning $120,000 a year. If no family members had insurance, they would be subject to a “shared responsibility” penalty putting them into the Bronze plan. The tax penalty for that is $2,400 a month or $20,000 a year.  Read the IRS regulations here. Alert, there is a lot of reading - examples of plans begin on page 56.

Weigh in on these new rules now released. Do you think your family will be able to afford these costs for health care by 2016?

John B February 08, 2013 at 12:52 AM
nope...sorry GGY...I don't hate you or anyone for that matter. Try again......
Good Grief Y'all February 08, 2013 at 12:58 AM
@alaiyo - that "tax increase" you're talking about is the result of the expiration of the 2-year payroll tax holiday. Congress allowed it to expire as part of their fiscal cliff deal. The President can't raise taxes, but Congress can. "The American Taxpayer Relief Act of 2012 On January 1, 2013, the Bush Tax Cuts expired. However, on January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012, which reinstated many of the tax cuts, effective retroactively to January 1st. The 2012 Act did not repeal the increase in the highest marginal income tax rate (from 35% to 39.6%) which had been imposed on January 1st as a result of the expiration of the Bush Tax Cuts." Unless you're in the highest brackets, except for the payroll tax holiday expiration, your taxes didn't go up. Worth repeating.
Good Grief Y'all February 08, 2013 at 01:01 AM
On the Making Work Pay tax cut, and more on the payroll tax holiday, from http://www.npr.org/2013/01/01/168417033/cliff-deal-would-end-payroll-tax-holiday "It was enacted in late 2010 when unemployment was very high and it raised take-home pay by around $100 billion a year. The economic research firm, Moody's Analytics, says for every dollar workers were able to keep in their pockets, $1.27 was added to U.S. GDP as the money circulated through the economy. So it undoubtedly played a role in helping support growth in the last two years. Now, it wasn't the best way to stimulate the economy because it put money in the pockets of a lot of well-off people, many of whom saved it, didn't spend it. Ironically, it actually replaced a more stimulative tax break called the Making Work Pay tax cut, which targeted lower income people who would be more likely to spend it, providing more fuel for the economy. But that tax cut was initiated by President Obama and Republicans wouldn't renew it back in 2010, but they did go along with this payroll tax break."
Good Grief Y'all February 08, 2013 at 01:10 AM
Well, then, strongly dislike as evidenced by every comment you make to me, except for that last one. That's the nicest thing you have ever said to me.
U B ILL'N February 08, 2013 at 01:23 AM
Chris tell me what you do and how the ACA is affecting you for the worse. Please...All insurance is run state to state. Laws are different state to state aren't they? Penalties are different state to state? Its not lack of competition, Kaiser, UNH, BCBS, Humana, Aetna, Celtic, Golden Rule, Cigna Assurant is that enough competition? Does it really matter if i am a group of 500 and 10 are suffering through late stage cancer. Those costs are not aborbed efficicently. Example the banking crises 7% foreclosure rates bring the whole system down. Healthcare is a necessity of civil life. It needs to come down period. . I am that employer I am paying 800 dollars of your 1600 monthly costs so why cant we both be on the same page and agree we want the price of healthcare to come down and every other developed country has a form of universal coverage. Give me your email address I will share with you the numbers from my clients over the years.
Tammy Osier February 08, 2013 at 01:28 AM
John B. - yep. What you said. And the emotion roller coaster - playground whining / nannie nannie boo boo begins.... Can't we ever have a conversation on here that includes facts and two way rational conversations without the personal drama? We should have to show our id before we can post to make sure everyone who posts is over 18.
Tammy Osier February 08, 2013 at 01:32 AM
Bob Reid wrote: "The information comes from a an IRS document released last week. The fact that Breitbart reported it doesn't change the substance of the document." That's the kind of stuff that makes sense. I think if I get involved in another conversation on Patch, I'm going to keep count of how many times the word "You" is used. lol
Amy February 08, 2013 at 01:38 AM
LOL! That's funny.
Chris P February 08, 2013 at 01:44 AM
U B ILL'N If you want universal aka government run healthcare then you and your fellow liberals aka socialist should move to Cuba or Canada. Those of us who are Americans prefer a free market bssed healthcare system. There are ways to reduce the costs of healthcare and I can tell you with certainty, Obama care is not the way to do it! I just moved from Massachusetts and I have seen first hand how liberals just love to spend other peoples money!
Good Grief Y'all February 08, 2013 at 12:23 PM
Right, no "emotional drama, whining", etc., from the rightie folks, ever, b/c they can call liberals, Democrats, anyone who doesn't bow down to and praise their opinions, every name in the book, write up personal insults and wish and pray that there were no liberals in the world. What a very Christian attitude ;) Do away with over half the US populace. The folks at whom those comments are directed are supposed to just take it and keep quiet. But if you throw the righties a bone every once in a while, they'll be your friend for a comment or two. :D And only the righties get recognized for posting their links. If you're even in the center, your links and facts will be ignored. They don't want any of their own to see anything resembling truth and facts. :) Thanks for starting my day off with a big haha.
U B ILL'N February 08, 2013 at 01:35 PM
Tammy if you read my example of the 60 female and 59 year old male and do the quote on ehealthinsurance .com use blue cross blue shield 1500 deduct 35 copay 80% coinsurance with 2,000 addiitonal out of pocketl You will see we already pay 20K a year then on top of that i have net out of pocket exposure of 7,000 per year if both myself and wife were to be hospitalized. Costs must come down! Or our country will. And please this plan hasn't even started yet. Lets not forget the AMA has backed it, the AARP has backed it, Romney the business man backed it before he ran for president, and you know i don't recall seeing one commercial from a healthcare company dissing it. Not one. So again for those that are so gonzo about this please send me a message of how its affecting you unless you drive a Mercedes and are uninsured I dont see how it affects you.
U B ILL'N February 08, 2013 at 01:44 PM
Bludobee - did Trayvon get due process before he was shot? These laws are already in place in the states. So you tell me. Do I care if Americans in another country are suspected of being terrorits and a threat against our country are killed? Watched Kudlow last night and he supported it as did Ann Coulter. Funny hugh?
U B ILL'N February 08, 2013 at 03:28 PM
Well said GGY. Southern Republitards are the worst, Love seeing all of the red and blue maps dipicting the race was rigged. I wonder if all the red is supposed to be just trees or grass I mean there is a lot of grass and trees in Montana. I love it when my uncle the farmer from south georgia talks about handouts then I see on a website that he has received over 4million in handouts not to grow certain crops and on top of that gets subsidized insurance no worries at all. He then proceeds to boast about how he provides jobs at 7 dollars cash an hour furthermore by exploiting illegal aliens who in turn exploit us and he can't see that he is part of the problem. True Capitalism doesn't exist!! If it did APPLE would rule the world! Do you think the gas companies set gas prices, power companies set power prices, nope we all help each other out to keep prices low for "civil" lifes needs. Healthcare is no exceptio n! Just like car insurance laws! If your going to live in civil world you are going to have to play by the rules. Unless you are the fortunate 1.5% that own the world and make the rules. I doubt anyof these people live in Loganville-Grayson area though.
Mr. B February 08, 2013 at 04:10 PM
A fact (derived from the Latin factum, see below) is something that has really occurred or is actually the case. The usual test for a statement of fact is verifiability, that is whether it can be proven to correspond to experience. Standard reference works are often used to check facts. Scientific facts are verified by repeatable experiments. Just publishing this GGY so you can differentiate between the dribble you post and the truth others post.
Good Grief Y'all February 08, 2013 at 04:59 PM
Thanks, UB. You're right. The bad is never on them. Doubtful any of the 1.5% are posting to Patch from anywhere ;)
Good Grief Y'all February 08, 2013 at 05:06 PM
Why, Mr. B, I didn't know you believed in Science. Personal experiences don't get into reference works unless you're super famous. Guess you didn't like the links and quotes I posted from some of those reference works. Not surprising, since they don't jive with your world view. Thanks for proving my point. Have a nice w/e - especially Sunday ;)
U B ILL'N February 08, 2013 at 05:16 PM
Mr. B, question since you are picking on my homeboy and it appears you may have some intelligence since you know latin so well.. Explain to me how maximizing profits = maxmizing employment. Its a conundrum that I dealth with when I was a securities broker. Explain to me how our tech jobs and customerservice jobs and low end manufacturing and textile jobs are going to come back to the US without these things happening >incomes continue their downward trajectory> property values continue their downward trajectory> companies continue to offer less and less benefits and explain to me with the advent of the internet how the death of the salesman continues and eventually it will be the distributor or middle man. How do we keep from becoming the same third world country that has those jobs.
U B ILL'N February 08, 2013 at 05:26 PM
Came across a book the other day Good Grief, it said never trust a church with cushions on the pews or a church that was thinking of adding a gym. That book was 20 years old I was 15 then. Now it would say never trust a church where the pastor is living in a Mansion on the church property and telecast live via satellite from his bathroom and there is a Star Bucks in it. ( I am getting way off subject but you know who you are) Just sayn
U B ILL'N February 08, 2013 at 06:03 PM
Chris P all I want is affordable healthcare don't care if its government run or private. I don't think insurance is any good if you can't maintain it. I don't think I understand though why every other developed country has subsidized healthcare and you think we can avoid it. Its already subsidized a little and still too expensive. I am going to stay right here in the Best Country in America Chris and watch you bitch and moan about the poor and the freebies. Why don't you become truly poor and just live off of us. I will not complain would love to see you digging around in the garbage or going garage sale to garage sale to get a bike for your kid.
Good Grief Y'all February 08, 2013 at 06:07 PM
Ha! That's a good measure U B - they want you to be very, very comfortable and entertained, too. Then you won't have as many outside influences or spend money elsewhere. Churches and ministries shouldn't be rich, but should not be in debt and take care of a good preacher. If they're holding onto that much money, they're not giving God His part to be used for the needy or for evangelism. I'm used to Mr. B and a few others coming after me. They can get ugly, but to me they're just class clowns, looking for attention, trying to be bad boys. What is harder to ignore is someone preaching, quoting the Scriptures while snarking at anyone not Republican - in other words, being hypocritical. Sorry if this disappoints you, but I'm a she.
Chris P February 08, 2013 at 07:57 PM
U B ILL'N I see you've given the typical Liberal response. If you want socialist healthcare then move to a socialist company. I see that you're only 35 so perhaps you could begin by showing some respect to your elders here. You want affordable healthcare then work for it. Everyone else does. Why should I pay for your stuff just because you're too lazy to go out and work for it? You stated " Why don't you become truly poor and just live off of us." When I was older than you are now, I lost everything. I didn't bitch and moan like a whiney little brat like you. I went out and did something about it!! I worked my way back from the ground up. Perhaps you and your buddy GGYA ought to just go out and work for living for once. And if you don't you can just starve!! Have a nice day now!!!!
U B ILL'N February 08, 2013 at 08:35 PM
Chris P my family gross income is 135K, I do work in financial services, those figures are real, the articles that I have posted are facts, and again I never said free. And in fact the healthcare bill will affect my income for the worse eventually. I am Gop convert although I have always considered myself middle of the road. GOP base has lost its mind in my opinion and whats worse is they use words with symbolism much like I have and you don't like it. So I am inviting you to tell me what you do for a living and how has the ACA affected you. I have a pretty good understanding of insurance industry and financial markets. Tell me what you pay for insurance monthly, briefly tell me what your deductibles are, tell me what your type of business you work for or own. Tell me how the ACA is affecting you. And how its going to impact all of us working people (middle class).
Lori February 08, 2013 at 08:59 PM
Does anybody know if you work for a company and are on group insurance thru them how much your cost will be taken out of your paycheck? Is that going to go up a lot too?
Chris P February 08, 2013 at 09:02 PM
U B ILL'N I do not give out personal information on a blog. FYI I consider myself a Tea Party Conservative.
Good Grief Y'all February 08, 2013 at 09:14 PM
I work and have since I was a teenager Mr. P. Please leave me out of your rants. Thanks!
U B ILL'N February 08, 2013 at 09:21 PM
Lori- yes but hopefully costs will go down with full support. But we are paying that much now. I as a business owner pay half of the employee. So if my group plan charges me 450 for an employee only per month and the family rate is 1675 per month I pay as the employer 225 of the employee's cost and he pays the 225 plus the difference between the family rate and the employee rate which is $1450 per month comes for he and his family. If you work for a larger corporation which "Chris P" doesnt seem to understand is that they lets say have 1000 employees decide for themselves what to charge based on the benefits they offered and then they buy reinsurance for catastrophic claims. This has worked until their employees aged into their 50-60s.
U B ILL'N February 08, 2013 at 09:30 PM
So Chris P, my opinion is that you sound like a tax dodging contractor. Subchapter S corp pay your self a dividend or distribution. Hire people off the books (cash) or 1099 them so you don't have to deal with the "paperwork" and work comp expense. Man the biggest hypocrite of them all. Tell me what do you do right now if your business was so slow you couldn't afford the group health plan you and your "family" employees are on but you didnt realize that you don't qualify for individual coverage because they won't write preexisting conditions. (there is a reason for this its called COBRA) but at the individual level COBRA doesnt protect us and if the master plan is defunct there is no COBRA offered at all to at least extend your benefits while you look for a job with insurance. So Chris P, now you have assets and money but you can't get the coverage and you have that damn heartattack. Guess what you lose it all again... .Hows that for fair? Oh and your family got fcked too cause maybe one of them is insulin dependent diabetic. So maybe this Obamacare thing does help the middle??????? I can't stand know it all teabaggers most racists of them all!!!! Go join Michelle Bachmann and her gay husband as they pray the gay away!!!
Chris P February 08, 2013 at 09:45 PM
U B ILL'N First you know what happens when you Assume something? Second an apology is due from you. FYI everyone of your assumptions is incorrect. Perhaps I should sue you for libel??? Third anyone who claims that Obama care will save the average American money is either a moron or a liar. Which one are you?? Fourth if you want affordable healthcare the first thing you do is get rid of Obama care. Fifth its good to know that I got under your skin !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ROFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
U B ILL'N February 08, 2013 at 10:02 PM
I appreciate you Chris because sincerely, you are the reason we won, it wasn't 10 counts of voter fraud or the mass buses of poor people coming to collect their freebies it was the TEA PARTY. :}
Chris P February 08, 2013 at 10:32 PM
U B ILL'N You sir are the reason for the downfall of America. Liberals such as yourself who despise this country and the values that made it great. Being liberal and ignorant is no way to go through life.

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