Thursday, August 29, 2013

Final Regulations For Obamacare Individual Mandate

Avik Roy: "White House Publishes Final Regulations For Obamacare's Individual Mandate -- Seven Things You Need To Know".

The bullet points include:
1. You pay a fine if your spouse and kids are uninsured
2. Pretty much any employer-sponsored plan meets the mandate’s requirements
3. The mandate fine is small, and will have even less impact over time
4. The IRS can’t go after you if you don’t pay the fine
5. Many older individuals will be exempt from the mandate
6. If you don’t file a tax return, you’re exempt
7. ‘Members of recognized religious sects’ and American Indians are also exempt
(See the full text of his piece for more details on each point: "White House Publishes Final Regulations For Obamacare's Individual Mandate -- Seven Things You Need To Know".)