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Big Obamacare Shock May Come at Tax Time
#1
People who use subsidies to help pay for their Obamacare policies may get a nasty shock at tax time, when the Internal Revenue Service could hit them with a big demand to repay the money.

While it's in the law, it's still likely to make plenty of Obamacare subscribers angry at the IRS.

"If I were the IRS, I would be very concerned that I’m going to be viewed as the villain when people have to pay back money the government gave them for health insurance,” says Chris Condeluci, who served as Senate Finance Committee GOP tax counsel when Obamacare was being drafted.

http://www.newsmax.com/Newsfront/irs-oba.../id/544170
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#2
Why would the IRS give a damn about being the villain? That never stopped them before. . .
I don't suffer from insanity.
I enjoy every minute of it.
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#3
Aren't all tiers subsidized except the top tiers? If so, the very nature of Obamacare is forcing you to accept the subsidy unless you are high income.
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#4
(12-28-2013, 06:30 PM)halftrack Wrote: Why would the IRS give a damn about being the villain? That never stopped them before. . .

This. Absolutely this.
The law? The law is a human institution...
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#5
RugerGirl;129905 Wrote:Aren't all tiers subsidized except the top tiers? If so, the very nature of Obamacare is forcing you to accept the subsidy unless you are high income.

As I read it, there is no forcing. You are free to find health care elsewhere: through your employer, or in the insurance market. If you choose to pick one of the policies through the exchange, for whatever reason, then yes, the subsidy applies.
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#6
mingomom;130295 Wrote:
RugerGirl;129905 Wrote:Aren't all tiers subsidized except the top tiers? If so, the very nature of Obamacare is forcing you to accept the subsidy unless you are high income.

As I read it, there is no forcing. You are free to find health care elsewhere: through your employer, or in the insurance market. If you choose to pick one of the policies through the exchange, for whatever reason, then yes, the subsidy applies.


We lost our employer insurance of eleven years and had to get Obamacare. Kids got put into CHIP automatically, no choice.

So yes, in a manner of speaking, if you are not rich, you are more or less forced into a subsidy because you cannot choose to not get insurance.

I did ask my husband about the tax thing and he says he was told it will apply if you end up making more money than when you signed up.

Oh well. It's all stupid...I give up. Thankful for health care.....in a few years we may not even have it at all. My friend in Nova Scotia told me it took her two weeks once just to get in to see her GP for some antibiotics for pneumonia. It's where we are headed.
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#7
Rubs hands, waits until May..
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#8
ExcelToExcel;130356 Wrote:Rubs hands, waits until May..


Yeah well it's not May and I'm already cranky about it. I didn't vote for this crap, and suddenly I find my family getting government subsidized healthcare....that there is no guarantee it's even going to work long term with all the game changing going on.

If I like it I can keep it.....HA.

Angry
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#9
I wanted to add that I'm still shocked to be on Obamacare. We have been insured forever...I had no clue we would lose coverage and be forced into the subsidy because the employer costs went through the roof. I was all happy to be "keeping the health plan I liked" until I found out the truth.

Plus they have lost our application multiple times. I imagine it's because we didn't vote for Obama....
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#10
http://www.weeklystandard.com/blogs/obam...73207.html

Quote: Novitas Solutions is the federal government's new Medicare payment processor for the south-central region of the country hired by the Centers for Medicare and Medicaid Services (CMS), a division of the Department of Health and Human Services (HHS.) ABC-KTRK in Houston reports:

According to the CEO Jason Leday, more than 150 employees haven't been paid in nearly a month.

"I understand that they have children and a house payment, bills. Not getting paid is wow," nearby resident Theresa Gutierrez said.

The hospital is strapped for cash not because its not making money, but because Leday says a new Medicare payment facilitator named Novitas Solutions is taking too way long to pay out Medicare claims to the hospital.

Leday says he's owed nearly $3 million in payments from Medicare and can't make payroll...

The Texas Medical Association says they are familiar with complaints like this one regarding the medicare payment facilitator- and a representative told us smaller community hospitals like this one are in similar situations.
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