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Obamacare: Taxpayers Must Report Personal Health ID Info to IRS Read

Obamacare: Taxpayers Must Report Personal Health ID Info to IRS

drObama

When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form.

 

The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate.

As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”. 

So why will the Obama IRS require your personal identifying health information? 

Simply put, there is no way for the IRS to enforce Obamacare’s individual mandate without such an invasive reporting scheme.  Every January, health insurance companies across America will send out tax documents to each insured individual.  This tax document—a copy of which will be furnished to the IRS—must contain sufficient information for taxpayers to prove that they purchased qualifying health insurance under Obamacare.

This new tax information document must, at a minimum, contain: the name and health insurance identification number of the taxpayer; the name and tax identification number of the health insurance company; the number of months the taxpayer was covered by this insurance plan; and whether or not the plan was purchased in one of Obamacare’s “exchanges.”

This will involve millions of new tax documents landing in mailboxes across America every January, along with the usual raft of W-2s, 1099s, and 1098s.  At tax time, the 140 million families who file a tax return will have to get acquainted with a brand new tax filing form.  Six million of these families will end up paying Obamacare’s individual mandate non-compliance tax penalty.

As a service to the public, Americans for Tax Reform has released a projected version of this tax form to help families and tax specialists prepare for this additional filing requirement. Taxpayers may view the projected IRS form at www.ObamacareTaxForm.com.  On the form, lines 3-4 show where taxpayers will disclose their personal health ID information.

View PDF here.

Read more: http://atr.org/obamacare-taxpayers-must-report-personal-health-a7611#ixzz2TByNrjJc
Follow us: @taxreformer on Twitter

 

 

Sebelius: Finally admits ObamaCare is raising insurance costs..

Sebelius: Finally admits ObamaCare is raising insurance costs..Forever!!

Remember back when Barack Obama was lying through his teeth and promising you could keep your plan, if you liked your plan? Well, his Health and Human Services commissar said that was a lie too! Welcome to socialist reality, suckers. Just wait until you find out what other promises won’t be kept, like maybe those promises of huge federal subsidies for state Medicaid expansion.

Sebelius also put some effort into attacking a Society of Actuaries study that predicted an average 32 percent increase in the cost of claims paid out by insurance companies, thanks to the new regulations requiring them to cover people with pre-existing conditions.  The effect will be felt unevenly by various states, with the “overwhelming majority” on track for “double-digit increases in their individual health insurance markets,” while a few are expected to see cost reductions.  Sebelius tried the same tactic of hiding the corresponding increase in premiums by folding them into the immense red inkblot of general federal taxation and spending:

Remember  “We must first pass the bill to find out what’s in the bill.” – Nancy Pelosi

Soon you will be finding out what it’s really going to cost you!

http://www.humanevents.com/2013/03/27/hhs-secretary-finally-admits-obamacare-is-raising-insurance-costs/

Will Montana Voters Nullify the Mandate?

via Tenth Amendment Center

HELENA, Mont. – On Nov. 6, Montana residents will exercise their sovereign right and decide on health care freedom.

LR-122 would prohibit the state and federal governments from requiring any Montana citizen to purchase health insurance, or from “imposing any penalty, tax, fee or fine on those who do not purchase health insurance.”

Supporters in the legislature opted for a legislatively-referred state statute, figuring they would have a better chance of getting the bill enacted as a ballot measure, avoiding Democratic Gov. Brian Schweitzer’s veto pen.

Rep. Gary MacLaren (R-Victor) introduced the measure in the House. He called health insurance mandates a punishment for poverty.

“Who doesn’t have health insurance? People who can’t afford it. If they don’t [buy it] we’re going to fine them. So what are we doing? We’re fining people for being poor.”

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