If a person can't be denied due to a pre-existing condition; why not wait to purchase health insurance until you need it? Yes I know there is a fine, but the fine seems minimal if you put in perspective how much you would save in yearly premiums.
What am I missing? Or would the premium be super high if you had a pre-existing condition?
There could be an ER visit; but illegals don't pay for those, so why should I? I at least pay taxes.
So...do I really need health insurance in 2014?
You will pay a fine.
Plus there are taxes ... even for animals going to a vet.
• 2.3% Tax on Medical Device Manufacturers
• 10% Tax on Indoor Tanning Services
• Blue Cross/Blue Shield Tax Hike
• Excise Tax on Charitable Hospitals which fail to comply with the requirements of ObamaCare
• Tax on Brand Name Drugs
• Tax on Health Insurers who keep own insurance outside Obama Care
• $500,000 Annual Executive Compensation Limit for Health Insurance Executives
• Employer Reporting of Insurance on W-2 (not a tax)
• Codification of the "economic substance doctrine" (not a tax)
• Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
• Employer Mandate on business with over 50 full-time employees to provide health insurance. $2000 per employee $3000 if employee uses tax credits to buy insurance on the exchange.
• Medicare Tax on Investment Income 3.8% over $200k/$250k
• Medicare Part A Tax increase of .9% over $200k/$250k
• 40% Excise Tax "Cadillac" on high-end Premium Health Insurance Plans 2018
• An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.
• Medicine Cabinet Tax In Effect
Over the counter medicines no longer qualified as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).
• Additional Tax on HSA/MSA Distributions
Health savings account or an Archer medical savings account, penalties for spending money on non-qualified medical expenses. 10% to 20% in the case of a HSA and from 15% to 20% in the case of a MSA.
• Flexible Spending Account Cap 2013
Contributions to FSAs are reduced to $2,500 from $5,000.
• Medical Deduction Threshold tax increase 2013
Threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%.
• Individual Mandate (the tax for not purchasing insurance if you can afford it) 2014
Starting in 2014, anyone not buying "qualifying" health insurance must pay an income tax surtax at a rate of 1% or $95 in 2014 to 2.5% in 2016 on profitable income above the tax threshold. The total penalty amount cannot exceed the national average of the annual premiums of a "bronze level" health insurance plan on ObamaCare exchanges.
Here in California the state government is having ALL PRISONERS apply for free medical from Obama care so the state does not have to pay medical expenses.
