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Pay 1.0-2.5% tax penalty for not having Insurance Pay 10-15% of your pre-tax income for a plan under Obamacare I don't think it's going to work out that great
by powertower 13y ago
Pay 1.0-2.5% tax penalty for not having Insurance
Pay 10-15% of your pre-tax income for a plan under Obamacare
I don't think it's going to work out that great.
- Bsharp 13y agoIt depends on your expected medical costs. If you're relatively young and healthy, saving that 9-12.5% of your income is worth it. If you're sick/old/etc., then it's absolutely worth buying coverage. Note that in this system the healthy don't join the risk pool. This, my friend, is called adverse selection.