saywhat1206 t1_j7v0rki wrote on February 9, 2023 at 4:40 PM

My husband and I took the tax penalty for 2021 and we will take it again for 2022. We had to pay $1500 for the 2021 penalty. We were hoping to make monthly payments but they charge a HUGE interest rate. First month we sent $100 and they charged us $64 in interest the next month. Ended up putting it on a credit card and then transferred that balance to another card offering 0% for 12 months. The calculations you mention are the same for us - deductibles are out of control. Husband did sign up for insurance for himself for 2023 - premiums are $50 a month for him, BUT if he adds me to the plan, it is $400 a month to cover me. When I checked with the Health Connector the payments for me are also $400 a month. We cannot afford this. Healthcare is such a ripoff and I am pissed that we live in 1 of only 5 STATES that pull this penalty crap.

caper293 OP t1_j7v4qdd wrote on February 9, 2023 at 5:05 PM

What was the logic that the state decided to use pre-tax and not post tax salary?

Why does the state not include rent/mortgage and utilities but it includes student loans?

saywhat1206 t1_j7vew6s wrote on February 9, 2023 at 6:08 PM

It is ridulous. Both my husband and I are in our early 60s and have health issues that just go untreated.

MechanicalBirbs t1_j7w2cjg wrote on February 9, 2023 at 8:31 PM

Its honestly criminal that they do this. They basically punish you for having even a modicum of success.