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The time is now 7:56 pm
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April 24, 2024, 7:48 pm
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Fine is higher if you sign up!
Published:
In looking at the Obamacare policies I noticed that they show what the premium is and what the monthly fine is.
The monthly fine for signing up is about 10% of the monthly premium.
For example if you pay $550 a month for a plan then $500 goes to the premium and $50 goes towards the monthly fine.
So instead of paying the $95 fine for not signing up you are paying more for actually obeying and signing up!
(In this example $600 total annual fine instead of the non compliance $95 annual fine!)
Why hasn't anyone noticed this before???
Comments
http://finance.yahoo.com/news/obamacare-shotgun-wedding-marry-lose-091500078.html
Even though our insurance got dropped, we were able to negotiate future visits for preventive care.
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