ACA May Be Delayed! (legal, Obama, insurance, companies)
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Did you even read the article you linked? It has nothing to do with problems on the website. The regulations are being fixed because the last day to apply is 3/31 but insurance applied for on that day might not actually begin until May 1 due to the way insurance companies work. Cons!
Not a con.
Did I say it was a problem with the website? Nope!
But that's what it boils down to. The IRS can't get your money til the regs are fixed.
What a disaster.
Not a con.
Did I say it was a problem with the website? Nope!
But that's what it boils down to. The IRS can't get your money til the regs are fixed.
What a disaster.
I think that the enrollment period will be extended for one month myself. That doesn't mean the mandate will be shelved, just that the deadline to apply will go to maybe April 30 depending on how soon the bugs get fixed.
Not a con.
Did I say it was a problem with the website? Nope!
But that's what it boils down to. The IRS can't get your money til the regs are fixed.
What a disaster.
If you dont sign up for heath insurance in 2014, you wont be assessed a penalty until tax season 2015. If you file a tax return for 2014 and owe taxes, the penalty will be added. If your recieve a refund check the penalty will be deducted from your check.
If you adjust your exemptions (perfectly legal) so that you get your money upfront as opposed to a refund, there is no way for the IRS to collect the fine.
Status:
"everybody getting reported now.."
(set 15 days ago)
Location: Pine Grove,AL
29,537 posts, read 16,521,666 times
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Quote:
Originally Posted by lizjo
Not a con.
Did I say it was a problem with the website? Nope!
But that's what it boils down to. The IRS can't get your money til the regs are fixed.
What a disaster.
The title of your thread is "ACA could be delayed"
The title of your thread is "ACA could be delayed"
The ACA started 3 years ago.
Ok, busted! Thread title is misleading. I meant penalties, not the ACA itself.
Hm, wonder if I can fix it? Nope!
Mea culpa.
Oh, I'm not a Catholic either.
Anyway, isn't that penalty supposed to help pay for the Act?
I don't wish ill on anyone, and have friends that this will really help, but why did it have to be so rushed? Chaos is the last thing anyone needs in dealing with insurance, which is already stressful enough. Now to think I might be penalized or taxed (which is it?)if I don't register properly, and they're still writing the damn thing! I pity the people that truly need this. Hope it works out though.
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