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But once those are paid off the insurance requirements change. The insurance is to protect the banks investment.
My car loan has been paid off for 5 years. In NJ I am still required to carry liability insurance, it has nothing at all to do with a bank loan, only collision is optional once the loan is paid off. It's the liability that costs the most, dropping collision reduced my rates by less than $30 a month.
A friend who's been against ACA just told me about her new "insurance policy." It's a real company, she has a card and everything, for which she paid a small once-a-year payment. Totally ACA compliant--on paper.
If something happens, the company will say she missed the last premium and she's on her own. So she has "medical insurance" without actually being insured. She said there's over 30,000 people signed up so far with just this company--and there's probably more like it already started up.
This wouldn't work in my state, where all insurance companies are heavily regulated, but I have no doubt that more and more go-arounds will start popping up this year and next.
Who's going to pay if one of you gets sick? If your premium is only $18 a month, you have to be low income and I would assume don't have hundreds of thousands laying around?
You are required to pay a fee or get gov't approved insurance.
If you do not pay the fee, IRS takes the amount from your refund without your permission required. If no refund, IRS garnishes your wages to pay fee without your permission required.
either case the IRS can seize your funds without your permission.
First, if you voted for BO, I say welcome to the ACA, brought to you entirely by Democrats.
Second, I find your choice to go without health insurance an extremely foolish one.
Third, last I heard freedom meant being free to make choices, even foolish ones. One of the reasons I despise the ACA. So for the loss of your freedom I am saddened.
You are required to pay a fee or get gov't approved insurance.
If you do not pay the fee, IRS takes the amount from your refund without your permission required. If no refund, IRS garnishes your wages to pay fee without your permission required.
either case the IRS can seize your funds without your permission.
That is not what the 4th Amendment is about, it's about police search and seizure in the absence of a warrant. It is still legal to search AND to seize if sanctioned as a function of a legitimate legal process. Just using the word "seize" doesn't make it a 4th Amendment issue. If you don't pay your taxes they can "seize" your things, too, it doesn't make it unconstitutional.
I HAD a plan. I worked hard and studied, so that I could get a job that afforded me good health insurance.
Now I'm being told that it's not good enough, and that I must purchase a one-size-fits-all insurance or be fined. And most likely, next year when the employer mandate comes around, my employer will drop my insurance. Which means I'll have to get my own - in essence getting a pay cut.
Good times.....
As someone who gets my insurance thru my employer, I wonder: What kind of **** poor S***ty insurance does your employer provides?
Seriously, a lot of us who get insurance thru employer doesn't have to do what you do.
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