IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family The IRS's assumption that the cheapest plan for a 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. 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. Mind that word ‘penalty’ that the IRS will extract from you by all force necessary if you don’t pony up the $20,000. AllHail ObamaCare PEW POLL: Majority of Americans see Washington as a threat to their “personal rights and freedoms.” You’d think the GOP could do something with that .