Cheaper to sign up for Obamacare, or pay the penalty?

Discussion in 'Politics' started by Little-Acorn, Jun 4, 2013.

  1. Little-Acorn
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    Little-Acorn Gold Member

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    Reports are coming out now that say the cheapest Obamacare plan for a family of four, costs around $20,000.

    If that family does not sign up for Obamacare, and just pays the penalty it calls for, (oops, the Supremes say that's a "tax" now)... then how much to they pay?

    BTW, they pay the penalty only if they are due an Income Tax refund on April 15, right? If they have to write the govt a check on April 15 instead, then the govt can't charge them that Obamacare penalty.

    So, is that family of 4 better off financially if they don't sign up for Obamacare? And if one of them does get sick or injured, then they can sign up at that point, and the Obamacare insurance company must take them, even though the sickness or injury is now a "pre-existing condition".

    So, what's the best deal, dollar-wise? Pay $20,000 for Obamacare, or pay only the penalty on April 15 (which might be zero), and then sign up later if you get sick or injured and pay only that fraction of the $20,000? After you are cured, then of course you drop the Obamacare policy immediately, to minimize what you pay... until the next time you get sick.
     
  2. Greenbeard
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    Greenbeard Gold Member

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    No, premium numbers are coming out now that show that number isn't even half that.

    After the initial open enrollment period this year, there will be seven weeks each year in which an uninsured family can go shop for a private plan in an exchange. Get sick or injured outside of that seven week open enrollment window and all costs accrued belong solely to you. Which means you better time that heart attack or car accident just right if you want your scam to work.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Thanks for allowing the peasants that whole 7-weeek period to shop for insurance, Uncle Joe! :rolleyes:
     
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  4. Little-Acorn
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    Little-Acorn Gold Member

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    So, is it better financially for a family to sign up to pay $20,000/yr as the IRS has described? Or to drop Obamacare, pay the penalty (which could be zero), and sign up only when you get sick or injured, then dropping the policy after you're cured?
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    Might be better to cut to the chase and have a tax revolt.
     
  6. Little-Acorn
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    Little-Acorn Gold Member

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    The usual liberals seem to be avoiding this question like the plague.
     
  7. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    wow 7 days, thanks government I love my loss of freedom so buttboinkers like greenbeard can feel like they helped someone, when in reality they are hurting people!!!!!!!!!!!!
     
  8. LordBrownTrout
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    LordBrownTrout Gold Member

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    This is the scenario that they envisioned, an extra 30 million paying a 600-1000 dollar fine every year. An extra 30B to the govt...which they won't pay for insurance purposes. Another govt do gooder ponzi scheme but the uninformed think the govt is looking out for them.
     
  9. Greenbeard
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    Greenbeard Gold Member

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    Seven weeks. If you someday hold a job that offers benefits, the concept of open enrollment will become quite familiar to you. For now, ask your parents.
     
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  10. Oddball
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    Oddball BANNED Supporting Member

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    Wow...Seven whole weeks!

    Does the benevolent patronage of Uncle Joe ever cease? :rolleyes:
     

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