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San Diego 6 Obamacare Penalties in 2014 - August 15, 2014

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Published on Aug 15, 2013

The maximum out of pocket you normally pay for a major claim today is $4,000 to $7,000 (including deductible). As of Jan 2014 the maximum you were suppose to pay out of pocket; including prescriptions, doctor visits, and everything else was to be $6,350. However Monday August 12th we found out that this is not true, because Rx's expense do not count towards that amount and can be an additional $6350. For example, if you're paying $500 a month for prescriptions you're going to keep paying $500 a month until you hit another $6,350 in Rx expenses out of your pocket for a total of $12,700. Also you will be penalized for not having health insurance when you file your taxes, if you do not send in a copy of your health insurance ID card. The penalty for single adults is $95 or 1% of your income up to $285 per family. Each year the penalties will increase.

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