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Reply #3: They will not arrest you, they will not levy you, they will not lien your property..... [View All]

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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 02:05 AM
Response to Original message
3. They will not arrest you, they will not levy you, they will not lien your property.....
Edited on Mon Mar-22-10 03:00 AM by FrenchieCat
it is not a criminal fine. That's the language in the section.

It will be calculated and billed when you file your tax return.

It will be $94.00 the first year in 2014,
$350.00 the 2nd year in 2015,
and $695 the 3rd year or 2.5% of your income,
and that's where it will stay.

If you make under a certain amount, the fine will be forgiven,
and there will be exemptions available.
You must go without insurance for at least 3 months in a row
before the fine applies, and then it most likely would be prorated,
e.g., not coverage for 3 months, then you get insurance which you only
keep for 2 months, and then go another 5 months without insurance,
I'm sure they may even be a worksheet added to the tax return....
because there will also be tax rebates for insurance, but I'm not sure
how that all works.

What will probably happen is that Insurance companies will have to provide you
and the government some kind of form 1098 or something,
as a way of reporting how much premium one paid on a policy, I would presume.

Anyways, I think that it will all be kind of common sense like added bureaucracy,
but for good reason.
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