Obama Care and a point that most people are not paying attention to. Everyone thinks that if they do not have insurance, that they are going to pay a $95 fine and that is the end of it. The truth is that if you do not have insurance you will pay either $95 or 1% of your total annual income (which ever is greater). For easy math if you make $50,000 your fine will be $500. In most cases the annual income is greater than $95. Even if you only make $10,000 in a year your fine is greater than the $95 and you will pay $100. Here is the worst thing about what the general public thinks. Most think that if you pay the fine, you will have insurance coverage; but that is nothing more than a fine and you dont get anything for it (no coverage). What a load of crap!!!!
Posted on: Tue, 12 Nov 2013 16:43:50 +0000