Health insurance?
i love in ma and its a law that you have need of to have health insurance,i dont enjoy it,so what are they goin to do?
Answers:
From the website: http://www.mass.gov/Qhic/docs/May2007_FAQ.doc
I am eligible for Commonwealth Care but own not signed up yet. I heard that if I do not own health insurance this year I may have to foot some kind of penalty. Is this true?
Beginning July 1, 2007, a modern Massachusetts law says that residents over age 18 must own health insurance. With few exceptions, adults must be able to show that they own health insurance by Dec. 31, 2007. Those who cannot will lose the tax benefit of their personal exemption on their 2007 Massachusetts income excise return, worth $219 for an individual. Penalties will increase for 2008. More information can be found at http://www.mahealthconnector.org
Jared Balis
http://www.utahinsurance.org
http://www.healthinsuranceinutah.com Source(s): http://www.mass.gov/Qhic/docs/May2007_FAQ.doc
They will not do anything unless you are caught like getting a unusual job or something like that. Look at adjectives the people i9n your state that don't have vehicle insurance and it the law too... Is there some drive you can't afford the insurance? Its really something you need and should budget your money to get some..... Good luck... Grant M from Pennsylvania
http://www.npr.org/templates/story/story…
it isnt so much that they are going to do something to you... its a law they made to make it where on earth (hopefully) everyone can have health insurance ... making employer offer it, paying part of the premiums so more society can afford it if they dont make enough money ect... its not approaching they are going to arrest you for not having it or anything...
Individuals
As of July 1, 2007, all individuals must enjoy coverage.
-- Those below 300 percent of the federal poverty level (about $38,500 for a family of three), but not eligible for Medicaid, will hold their private insurance plans subsidized at a sliding-scale rate.
-- Children whose families earn below 300 percent of the federal poverty level (FPL) will be given free coverage through Medicaid.
-- Individuals beside incomes below the FPL ($9,600) will have premiums waived on private insurance. (Currently most childless adults are not eligible for coverage below the state's Medicaid plan.)
-- Those who can afford insurance will be increasingly penalized for not buying coverage. In the first year, they'll lose their state personal income tax exemption.
-- Family coverage will be extended to cover babyish adults up to the age of 25.
-- Allows the use of "health savings accounts" near cheaper high-deductible "catastrophic" coverage plans. HSAs allow consumers to invest money and withdraw it "tax free" to cover health-care costs.
Businesses
All employer who have more than 10 employees must contribute to hand health-care costs.
-- Employers who don't provide insurance will pay an annual fee of $295 per full-time hand.
-- Encourages private insurers to offer more low-cost options.
-- Creates a "robustness insurance connector" to help individuals and businesses find affordable private coverage. -- Vikki Valentine Source(s): http://www.npr.org/templates/story/story…
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Answers:
From the website: http://www.mass.gov/Qhic/docs/May2007_FAQ.doc
I am eligible for Commonwealth Care but own not signed up yet. I heard that if I do not own health insurance this year I may have to foot some kind of penalty. Is this true?
Beginning July 1, 2007, a modern Massachusetts law says that residents over age 18 must own health insurance. With few exceptions, adults must be able to show that they own health insurance by Dec. 31, 2007. Those who cannot will lose the tax benefit of their personal exemption on their 2007 Massachusetts income excise return, worth $219 for an individual. Penalties will increase for 2008. More information can be found at http://www.mahealthconnector.org
Jared Balis
http://www.utahinsurance.org
http://www.healthinsuranceinutah.com Source(s): http://www.mass.gov/Qhic/docs/May2007_FAQ.doc
They will not do anything unless you are caught like getting a unusual job or something like that. Look at adjectives the people i9n your state that don't have vehicle insurance and it the law too... Is there some drive you can't afford the insurance? Its really something you need and should budget your money to get some..... Good luck... Grant M from Pennsylvania
http://www.npr.org/templates/story/story…
it isnt so much that they are going to do something to you... its a law they made to make it where on earth (hopefully) everyone can have health insurance ... making employer offer it, paying part of the premiums so more society can afford it if they dont make enough money ect... its not approaching they are going to arrest you for not having it or anything...
Individuals
As of July 1, 2007, all individuals must enjoy coverage.
-- Those below 300 percent of the federal poverty level (about $38,500 for a family of three), but not eligible for Medicaid, will hold their private insurance plans subsidized at a sliding-scale rate.
-- Children whose families earn below 300 percent of the federal poverty level (FPL) will be given free coverage through Medicaid.
-- Individuals beside incomes below the FPL ($9,600) will have premiums waived on private insurance. (Currently most childless adults are not eligible for coverage below the state's Medicaid plan.)
-- Those who can afford insurance will be increasingly penalized for not buying coverage. In the first year, they'll lose their state personal income tax exemption.
-- Family coverage will be extended to cover babyish adults up to the age of 25.
-- Allows the use of "health savings accounts" near cheaper high-deductible "catastrophic" coverage plans. HSAs allow consumers to invest money and withdraw it "tax free" to cover health-care costs.
Businesses
All employer who have more than 10 employees must contribute to hand health-care costs.
-- Employers who don't provide insurance will pay an annual fee of $295 per full-time hand.
-- Encourages private insurers to offer more low-cost options.
-- Creates a "robustness insurance connector" to help individuals and businesses find affordable private coverage. -- Vikki Valentine Source(s): http://www.npr.org/templates/story/story…
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