Health Care changes

jghedge wrote:
Were they citing your opposition to democracy as a reason for leaving?

What I actually do have faith in is that the insurance companies won't be around long enough to find out. they won't be needed. The MediCare model will be made available to all.

Norton wrote:
yes, this is democacy

Agreed insurance is shared risk. But do those that don't pay get covered as my premiums and deductibles shoot through the roof? It is about personal responsibility.

I am a U.S. citizen residing outside of the U.S. on a Global Medical Insurance Plan. Does the individual mandate apply to me?

U.S. citizens who live abroad for a calendar year (or at least 330 days within a 12 month period) are treated as having “minimum essential coverage” for the year (or period) and, therefore, are not required to purchase PPACA coverage. These are individuals who qualify for an exclusion from income under section 911 of the IRS Code. See the IRS foreign earned income exclusion test for further information on this exclusion. They need take no further action to comply with the individual mandate.

Please note that IMG’s Global Medical Insurance Plan does not meet the definition of “minimum essential coverage” under PPACA. GMI is not intended to provide U.S. citizens residing in the U.S. with health insurance. While your GMI plan for worldwide coverage will not be affected by PPACA, you should review the information below to see if you are exempt from the requirements of PPACA or not, and whether you will have to pay a tax penalty or not.

Under PPACA, all U.S. citizens, nationals and resident aliens will be required to purchase minimum essential coverage (PPACA compliant coverage), unless they are exempt. Exempt U.S. citizens include U.S. citizens who reside outside of the U.S. The exemption applies to:

A U.S. citizen who has a tax home (your main place of work or employment, or if you don’t have a main place of work or employment, your main residence) in a foreign country, and has been a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire taxable year; or is present in a foreign country or countries during at least 330 full days in a twelve month period.

See details under the IRS foreign earned income exclusion test.

Even if a person was required to purchase minimum essential coverage and did not, she/he would only be required to pay a tax penalty for not purchasing PPACA coverage (if she/he files a U.S. tax return). In many cases, this tax is far less than the premiums that a person would pay for obtaining PPACA coverage.

What will my tax be if I am required to have PPACA coverage, but do not purchase it?

Tax Calculations:
Taxes begin in 2014 and rise in years following. In each year, the tax consists of the higher of a dollar amount or a percentage of household income. For a given household, the tax applies to each individual, up to a maximum of three. Following is the schedule of taxes:

2014: The higher of $95 per person (up to 3 people, or $285) OR 1.0% of taxable income.

2015: The higher of $325 per person (up to 3 people, or $975) OR 2.0% of taxable income.

2016: The higher of $695 per person (up to 3 people, or $2,085) OR 2.5% of taxable income.

After 2016: The same as 2016, but adjusted annually for cost-of-living increases.

I am an individual residing outside of my home country and covered under an employer group plan. Does PPACA apply to me?

On March 8, 2013, the Departments of Labor, Health and Human Services and Treasury issued a Frequently Asked Question (FAQ) announcing that, for expatriate plans, compliance with most PPACA provisions is being delayed until January 1, 2016. The relief from compliance applies for plan years 2014 and 2015 on plans that meet the following definition:

“Insured group health plans with plan years ending on or before December 31, 2015, in which enrollment is limited to individuals residing outside of their home country for at least six months of the plan year and any covered dependents.”

jghedge wrote:
Yet you object to majority rule on the grounds that it doesn't offer enough compromise.

What would you suggest to allow more compromise and still retain majority rule?

And again, Obama doesn't control the insurance companies,

WTF? This is his plan; should he not be held accountable?

Wade Icey wrote:
he should get in line behind the pack of treasonous war criminals that proceeded him.

Dave Kos wrote:
Compromise in the world of Larry Nelson

Because this thread is about the Iraq War? Or because the buck stops somewhere far from the president or the party that passed the ACA legislation?

Wade Icey wrote:
Obama must be held accountable