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Originally Posted by Redsoxticket
The penalty for not having insurance in Massachusetts is much lower then you stated for that income bracket.
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You're right but we aren't talking about MA. My post is based on Obamacare's 2014 penalty being 1% in 2014, 2% for 2015 and 2.5% in 2016.
One item I did leave out is that the penalty cannot be higher than the average cost of the Bronze Plan. Something I haven't looked at is what types of deductibles and coverage comes with the Bronze Plan.
Now, if you consider that the penalty *doubles* in 2015, it looks like Obamacare takes into consideration Obama's promise of "cheaper health care" was laughable - as costs are projected to continue to soar.
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My next post will show the penalty amounts, can't upload via the phone.
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Look forward to it. It'll save me from having to do a bunch of annoying math if you have a "cheat-sheet".