4 ms·
Forgive my ignorance but why is there a penalty and who is it due to?
by kingosticks 10y ago
Forgive my ignorance but why is there a penalty and who is it due to?
- afarrell 10y agoThere is a penalty for not having a minimum standard of health coverage and it is due to the IRS.
- kingosticks 10y agoAh OK thanks. Seems there's a bunch of exceptions for this including https://www.healthcare.gov/exemptions-tool/#/results/2016/details/citizen-abroad https://www.healthcare.gov/exemptions-tool/#/results/2016/de...
- AnAfrican 10y agothere is a penalty because the system is supposed to reduce costs by enrolling everybody (even the healthiest who may feel like they don't need it) WHILE the health insurance sector still is a for-profit competitive market (so there's no "auto-enrolment").