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How to Avoid Paying for Health Insurance – Obama Care Exemption



How to avoid paying for health insurance under Obama Care. Many people welcome the affordable care act, many do not like it but there is also a large number of people who financially can not afford to pay any additional bills each month.

One thing that is certain is that we are still in the midst of recovering from the depression. While health coverage for yourself and immediate family is no doubt a part of every Americans dream of success, the truth is, lower health insurance rates still do not mean that the rates are affordable to everyone.

With that said, many Americans want to know how to avoid paying for health insurance penalties that they will be required to pay if health coverage is not sought out.

Throughout all of the media coverage since the healthcare act was put into play, there has not been very much talk about what exempts you from having to pay the penalties. Within the information below, the qualifications for exemption are detailed for those wanting to avoid paying for health insurance. How to apply for an exemption will also be covered.

Candidates for Healthcare Exemption

If you register and you’re unable to find health coverage for you or your family that does not exceed 8% of your household income, you qualify for an exemption.

If you had health insurance for at least 9 full months throughout the year, you can ask for an exemption.

If you are employed or receive benefits but the amount of money that you make does not require you to file a tax return, you are also able to receive an exemption. View this link for a more detailed breakdown on the amount of income allowed. IRS – pdf file

Single
under 65                $9,750
65 or older             $11,200
 
Head of Household
under 65                $12,500
65 or older             $13,950

Married, filing jointly
under 65 (both spouses)     $19,500
65 or older (one spouse)    $20,650
65 or older (both spouses)  $21,800

Married, filing separately
any age  $3,800

Qualifying widow(er) with dependent child
under 65     $15,700
65 or older  $16,850

The amounts listed above are currently what you are allowed to make in order for you to qualify for the exemption. Be sure though to visit the IRS link because there is more fine print for you to read.

Members of federally recognized Indian tribes are able to claim the exemption.

If you are a member of a recognized religious ministry community that shares healthcare or your religion has objections to healthcare, you qualify for an exemption as well.

If you are in jail / prison or do not lawfully live in this country, you are exempt from having to pay the healthcare penalties. An overnight stay in jail does not count.

Poverty Penalty Exemption Qualifications

You can also qualify and avoid paying for health insurance due to poverty and hardship. The jobs market is still fragile and even if you think that your job is secure, most of us know by now that anything can happen. Below is what would qualify you for a hardship / poverty exemption.

If you have gotten a foreclosure notice, are currently facing eviction from your home, have recently gotten a shut-off notice from your utility company or are homeless, you may qualify for a hardship exemption.

If you were recently a victim of domestic violence, had substantial damage done to your property, filed for bankruptcy within the last 6 months or recently lost a close family member, these are also qualifications for a healthcare penalty exemption.

Medical bills that you have racked up within the last 24 months that you are not able to pay, having to move a sick or disabled family member into your household for care that increases your expenses also makes you eligible for a hardship exemption.

If your child does not qualify for Medicaid, the person responsible for paying for your child’s healthcare does not pay or your child was denied enrollment in CHIP, you won’t have to pay the child penalty fee.

If the state where you live didn’t expand Medicaid and you are not eligible for it now, if an eligibility appeals decision determines you’re eligible for enrollment in the healthcare program with lower costs or cost-sharing reductions for a time period when you weren’t enrolled in the healthcare marketplace, you may also qualify for a poverty / hardship exemption.

Getting the Exemption

If you do not make enough money to file taxes, you do not have to do anything or file anything. If you had insurance for at least 9 months during the year, are not lawfully in this country or any of the other situations mentioned, you are required to file for the exemption through the healthcare marketplace or when you file your federal taxes in 2014.

For more details on the exemption and how to avoid paying for health insurance penalties, read the article on HealthCare.gov – Here


 

 

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