re: #141 goddamnedfrank

Lastly, the penalty this year for not having a qualifying plan is pretty paltry. It’s going to go up, and the more you make the harder it’s going to hit you.

So let’s assume a hypothetical family income for 2014 is $100K. Their tax penalty for not having a qualifying plan will be 1% of $80K (family income is defined as the amount over the filing threshold, for individuals this is $10K, families $20K.) Or $800.

That equals $66.66 per month that I hope you guys are adding to your existing insurance payment costs when making these comparisons about whether or not to keep your old plan.

In tax year 2015 that penalty doubles to $133.33 per month.

In tax year 2016 this hypothetical family will be paying $166.66 per month just to keep their old plan with its pre-existing condition exclusions.