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battleborn

I am getting real close to leaving the U.S. and living in Cebu during my retirement.  Had to ask myself " Will I have to pay for Obama Care living in Cebu?"

 

I started Googling to find the answer and it seems there are guidelines to prevent yourself from having to pay for it.

 

If you are a U.S. citizen living abroad and return to the U.S. for only, and not more than, 35 days a year you are excluded from having to pay for Obama Care.  If you travel to the states and stay more than 35 days, you are no longer considered living abroad, but residing in the U.S. and have to pay for your insurance.

 

I will now have to plan to make my trips no longer than 3 weeks at a time, leaving 2 week in reserve in case of a family emergency.  My plan upon moving to Cebu was to come back every two years for 2 months, but looks like I now cannot do that.

 

How will it affect you?

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You don't get it. I banned him NOT for his political view. I banned him NOT for his opinions. I banned him because he called me treasonous against my own country.   Fine. Feel free to join him. Have

Ever notice - the only sitting Presidents to be killed, or to have attempts on their lives, seem to be the ones who are actually doing something POSITIVE for the country? No, I am not saying anyone

Well, I personally feel the last great President, and a man whom I hold a lot of respect for, was Ronald Reagan. Our military was the strongest in history, both prior to and since his Administration.

Justin Kredible

I need to figure out a way to loophole my way out of this, too.

 

Someone said "weasel out," but it's like taxes: Just have to find the loophole.

 

I don't like paying those damn taxes, either.

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battleborn

I know some members go back to the U.S. for 3, 4 , 8 months.  Now its going to cost.  How much?  No one knows yet.

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SkyMan

Well, tourists here do annual visa runs.  If you return to the US you'll have to do 34 day Obama runs to Canada, Mexico, or maybe take a nice cruise.

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Monsoon

If those 35 days are cumulative then I will change my twice a year visit plans to once a year and put the rest of the money into someone else's economy.

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streak03


 

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family


January 31, 2013

 

  (CNSNews.com) –

In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed
that under Obamacare the cheapest health insurance plan available in 2016 for a
family will cost $20,000 for the year.


Under Obamacare, Americans will be required to buy health

insurance or pay a penalty to the IRS.


The IRS's assumption that the cheapest plan for family will

cost $20,000 per year is found in examples the IRS gives to help people
understand how to calculate the penalty they will need to pay the government if
they do not buy a mandated health plan.


The examples point to families of four and families of five,

both of which the IRS expects in its assumptions to pay a minimum of $20,000
per year for a bronze plan.


“The annual national average bronze plan premium for a

family of 5 (2 adults, 3 children) is $20,000,” the regulation says.


Bronze will be the lowest tier health-insurance plan

available under Obamacare--after Silver, Gold, and Platinum. Under the law, the
penalty for not buying health insurance is supposed to be capped at either the
annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per
family in 2016.


In the new final rules published Wednesday, IRS set in law

the rules for implementing the penalty Americans must pay if they fail to obey
Obamacare's mandate to buy insurance.


To help illustrate these rules, the IRS presented examples

of different situations families might find themselves in.


In the examples, the IRS assumes that families of five who

are uninsured would need to pay an average of $20,000 per year to purchase a
Bronze plan in 2016.


Using the conditions laid out in the regulations, the IRS

calculates that a family earning $120,000 per year that did not buy insurance would
need to pay a "penalty" (a word the IRS still uses despite the
Supreme Court ruling that it is in fact a "tax") of $2,400 in 2016.


For those wondering how clear the IRS's clarifications of

this new "penalty" rule are, here is one of the actual examples the
IRS gives:


Example 3. Family without minimum essential coverage.


 

"(i) In 2016, Taxpayers H and J are married and file a

joint return. H and J have three children: K, age 21, L, age 15, and M, age 10.
No member of the family has minimum essential coverage for any month in 2016. H
and J’s household income is $120,000. H and J’s applicable filing threshold is
$24,000. The annual national average bronze plan premium for a family of 5 (2
adults, 3 children) is $20,000.


"(ii) For each month in 2016, under paragraphs

( 2)(ii) and (2)(iii) of this section, the applicable dollar amount is
$2,780 (($695 x 3 adults) + (($695/2) x 2 children)). Under paragraph (2)(i)
of this section, the flat dollar amount is $2,085 (the lesser of $2,780 and
$2,085 ($695 x 3)). Under paragraph (3) of this section, the excess income
amount is $2,400 (($120,000 - $24,000) x 0.025). Therefore, under paragraph
(1) of this section, the monthly penalty amount is $200 (the greater of
$173.75 ($2,085/12) or $200 ($2,400/12)).


"(iii) The sum of the monthly penalty amounts is $2,400

($200 x 12). The sum of the monthly national average bronze plan premiums is
$20,000 ($20,000/12 x 12). Therefore, under paragraph (a) of this section, the
shared responsibility payment imposed on H and J for 2016 is $2,400 (the lesser
of $2,400 or $20,000).”



http://cnsnews.com/news/article/irs-cheapest-obamacare-plan-will-be-20000-family

Edited by streak03
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My plan upon moving to Cebu was to come back every two years for 2 months

 

An option to consider is going for 4 weeks in December then 3 weeks in January, you still get a long vacation and it would leave you a 2 week cushion in the 2nd year, plus saves on plane tickets if you're not making two seperate annual trips.

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battleborn

Good thought.  But I think it is not based on a calender year, but 12 rolling months.  The IRS is counting your days and they are so ever forgiving.

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battleborn

Well, tourists here do annual visa runs.  If you return to the US you'll have to do 34 day Obama runs to Canada, Mexico, or maybe take a nice cruise.

 

Maximun stay is 330 days in a year. Can't leave and come back and start the count over.

Edited by Paul
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Ever notice - the only sitting Presidents to be killed, or to have attempts on their lives, seem to be the ones who are actually doing something POSITIVE for the country?


No, I am not saying anyone should shoot Obama. I am BEGGING someone to do it!

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tom_shor

I need to figure out a way to loophole my way out of this, too.

 

Someone said "weasel out," but it's like taxes: Just have to find the loophole.

 

I don't like paying those damn taxes, either.

Get elected to congress then you are immune.

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Justin Kredible

Ever notice - the only sitting Presidents to be killed, or to have attempts on their lives, seem to be the ones who are actually doing something POSITIVE for the country?

 

No, I am not saying anyone should shoot Obama. I am BEGGING someone to do it!

This post reeks of ignorance.

 

Therefore, I shall attack it.

 

Have at ye, post!!! Arghhhhhh!!!

 

Wishing the President shot is traitorous. Even though I didn't like Bush and realized that Republican spending was totally out of control, I never wished him shot dead.

 

Maybe that is the difference between progressives and conservative "Christians."

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tom_shor

 

Ever notice - the only sitting Presidents to be killed, or to have attempts on their lives, seem to be the ones who are actually doing something POSITIVE for the country?

 

No, I am not saying anyone should shoot Obama. I am BEGGING someone to do it!

This post reeks of ignorance.

 

Therefore, I shall attack it.

 

Have at ye, post!!! Arghhhhhh!!!

 

Wishing the President shot is traitorous. Even though I didn't like Bush and realized that Republican spending was totally out of control, I never wished him shot dead.

 

Maybe that is the difference between progressives and conservative "Christians."

One difference is they complain about the spending Bush did and ignore Obammas which is five times more in half the time.

 

Actually according to the IRS you could save $17600 a year by dumping the insurance and paying the penalty/tax (whichever it is most convenient for the government to call it now.)

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