Article Image
News Link • Obama Administration

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

• http://cnsnews.com, By Matt Cover
 

Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.

The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.

The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.

“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation says.

Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.

1 Comments in Response to

Comment by Powell Gammill
Entered on:
Labor Unions Finally Read Obamacare Fine Print, Realize Costs Set To Spike, "Turn Sour" On Obama

http://www.zerohedge.com/news/2013-01-31/labor-unions-finally-read-obamacare-fine-print-realize-costs-set-spike-turn-sour-oba


Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Free Talk Live