Comments on: How is the new health care bill going to affect those of us who are uninsured? http://findmybestagent.com/blog/insurance/how-is-the-new-health-care-bill-going-to-affect-those-of-us-who-are-uninsured/ Fri, 04 Nov 2011 16:14:55 +0000 hourly 1 http://wordpress.org/?v=3.3 By: DF http://findmybestagent.com/blog/insurance/how-is-the-new-health-care-bill-going-to-affect-those-of-us-who-are-uninsured/comment-page-1/#comment-1391 DF Mon, 12 Jul 2010 19:19:40 +0000 http://findmybestagent.com/blog/insurance/how-is-the-new-health-care-bill-going-to-affect-those-of-us-who-are-uninsured/#comment-1391 <a href="http://mycaffeinatedcontent.com">Website content</a> You will not be penalized for not having insurance until 2014. Technically, it is my understanding that folks with insurance will be able to get a tax deduction, and folks without insurance will not be eligible for that deduction. This deduction will start out pretty small in 2014. By that time, insurance exchanges will be set up to make getting insurance easier and more cost effective. In addition, if you don't make enough to afford insurance, you will most likely get a subsidy to help you out. (I read online that for an individual, the cutoff will be an income of $44,000 and for a family of four, $88,000.) The penalty will increase a bit in 2016. Website content

You will not be penalized for not having insurance until 2014. Technically, it is my understanding that folks with insurance will be able to get a tax deduction, and folks without insurance will not be eligible for that deduction.

This deduction will start out pretty small in 2014. By that time, insurance exchanges will be set up to make getting insurance easier and more cost effective. In addition, if you don’t make enough to afford insurance, you will most likely get a subsidy to help you out. (I read online that for an individual, the cutoff will be an income of $44,000 and for a family of four, $88,000.) The penalty will increase a bit in 2016.

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