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Obamacare: Cheapest bronze plan premiums exceed $ 20,000./yr

In Uncategorized on February 1, 2013 at 8:18 AM

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.

The IRS’s assumption that the cheapest plan for family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.

The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.

“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation says.

Bronze will be the lowest tier health-insurance plan available under Obamacare–after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.

In the new final rules published Wednesday, IRS set in law the rules for implementing the penalty Americans must pay if they fail to obey Obamacare’s mandate to buy insurance.

To help illustrate these rules, the IRS presented examples of different situations families might find themselves in.

In the examples, the IRS assumes that families of five who are uninsured would need to pay an average of $20,000 per year to purchase a Bronze plan in 2016.

Using the conditions laid out in the regulations, the IRS calculates that a family earning $120,000 per year that did not buy insurance would need to pay a “penalty” (a word the IRS still uses despite the Supreme Court ruling that it is in fact a “tax”) of $2,400 in 2016.

For those wondering how clear the IRS’s clarifications of this new “penalty” rule are, here is one of the actual examples the IRS gives:

“Example 3. Family without minimum essential coverage.

“(i) In 2016, Taxpayers H and J are married and file a joint return. H and J have three children: K, age 21, L, age 15, and M, age 10. No member of the family has minimum essential coverage for any month in 2016. H and J’s household income is $120,000. H and J’s applicable filing threshold is $24,000. The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000.

“(ii) For each month in 2016, under paragraphs (b)(2)(ii) and (b)(2)(iii) of this section, the applicable dollar amount is $2,780 (($695 x 3 adults) + (($695/2) x 2 children)). Under paragraph (b)(2)(i) of this section, the flat dollar amount is $2,085 (the lesser of $2,780 and $2,085 ($695 x 3)). Under paragraph (b)(3) of this section, the excess income amount is $2,400 (($120,000 – $24,000) x 0.025). Therefore, under paragraph (b)(1) of this section, the monthly penalty amount is $200 (the greater of $173.75 ($2,085/12) or $200 ($2,400/12)).

“(iii) The sum of the monthly penalty amounts is $2,400 ($200 x 12). The sum of the monthly national average bronze plan premiums is $20,000 ($20,000/12 x 12). Therefore, under paragraph (a) of this section, the shared responsibility payment imposed on H and J for 2016 is $2,400 (the lesser of $2,400 or $20,000).” SOURCE :

http://endtimeheadlines.wordpress.com/2013/01/31/irs-cheapest-obamacare-plan-will-be-20000-per-family/

31 states submit petitions to secede from Union, TN and TX lead way

In Uncategorized on November 13, 2012 at 9:36 AM

Please take the time to join in a peaceful revolution to assist many Americans wishing to exercise their constitutional rights to once again secede from the Union!

Log on to the White House site below, find your state, fill out a quick questionnaire and help us get the needed signatures to evoke a response from the Socialist in Chief.

https://petitions.whitehouse.gov/petitions

No longer can we just stand back and watch as our elected leaders turn a deaf ear to the citizens of this country and continue to do as they wish regardless of the will of the people. No longer can we stand and watch as the constitution is being shredded by a disrespectful, fake president.

We are in a very pivotal time in the life of our country. Just as TN and other states seceded from the Union in 1861 soon after President Lincoln was elected President, so be it and very fitting that once again we must resort to seceding from the union shortly after the re-election of the fake president and Socialist Marxist Barrack Hussein Obama.

At the time of the writing of this blog, Tennessee has 17,427 secessionist that have signed the petition. Yesterday, we were at around 2,000. Today, we are almost at our goal of 25,000 signatures. Please sign this petition as we need to invoke a Presidential response and send a very strong message that you can’t continue to stomp on the citizens of the United States of America and ignore their constitutional, God given inalienable rights.

As the founding fathers of the United States of America made clear in the Declaration of Independence in 1776:

“When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.”

“…Governments are instituted among Men, deriving their just powers from the consent of the governed, that whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or abolish it, and institute new Government…”

States where residents have filed secession petitions include: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, New Jersey, New York, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Wyoming.

The petitions have been submitted through the White House’s “We the People” website, which aims to give “all Americans a way to engage their government on the issues that matter to them.” The White House promises that “If a petition meets the signature threshold, it will be reviewed by the Administration and we will issue a response.” The threshold is 25,000 signatures in 30 days and, the Texas petition has received enough signatures to meet the threshold of 25,000 and Tennessee and Louisiana are close behind in meeting their threshold. The end date for signatures to be collected is December 9th. Keep passing it around. Let’s not stop at 25,000!

http://m.cbsnews.com/fullstory.rbml?catid=57548572&feed_id=null&videofeed=null

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