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Adoption Tax Exclusions
IRS provisions in the Federal tax code which allow adoptive parents to exclude cash or other adoption benefits for qualifying adoption expenses received from a private-sector employer when computing the family's adjusted gross income for tax purposes.
Question: Do many here not know more Health Care legislation kicks in this month, and builds up through 2014? I keep reading posts here about the new Health Care doesn't really start until 2014, but many things already started and other pieces begin to kick in September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• A 10 percent tax will be imposed on amounts paid for indoor tanning services on or after July 1.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: This Health Care Bill starts now and Benefits keep increasing through 2014 When the Health Care Bill is more understood people will see the results The Repubs are doing what they could to stop it and plan to stop funding if they Win the Election. They must stop it before People realize the good it will do.
DON'T LET REPUBS STOP IT
Question: Are you enjoying some of your new Health Care benefits that are already available? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• A 10 percent tax will be imposed on amounts paid for indoor tanning services on or after July 1.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: What I can tell you is my wife and my premium went down from $1200 a month to $800 a month. People can joke about it all they want, but I see it happening NOW, along with several other things Obama promised and made good on, ie: we've both had taxes reduced on our paychecks, heir's $80 a month, mine $150 a month. We're both receiving offers from our credit cards for 0% APR's which I haven't seen for a LONG time. So like I said, Republicans can joke about it all they want. But the jokes on them, by continuing to lie like you do about everything.
Question: Has anyone taken advantage of some of the new Health Care features that started in September? I keep reading posts here about the new Health Care doesn't really start until 2014, but many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• A 10 percent tax will be imposed on amounts paid for indoor tanning services on or after July 1.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: I have a friend who is too young for Medicare and is 64 years old so insurance for her is around $300 a month and she cant afford it with her low income. The state health plan has been closed to everyone except pregnant women. The new health care act cannot help her. She needs regular medical treatment for certain conditions, but cannot find any in Portland Oregon at low cost.
Question: Do many here know initial Health Care legislation kicks in this month, and builds up through 2014? I keep reading posts here about the new Health Care doesn't really start until 2014, but many things begin to kick in September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• A 10 percent tax will be imposed on amounts paid for indoor tanning services on or after July 1.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
My small business premiums increased 3 times in 2 years before Obama, so the "surprise" now that rates are increasing doesn't hold water.
Answer: Thank you for being informed about the bill instead of repeating whatever a pundit told you about it. It saddens me to say that you are a dying breed.
Question: Are you taking advantage of some of the new Health Care features that started in September? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: None of them apply to me - I have great insurance. I'm happy that other people are getting the help they need though.
Question: Which of these new Health Care Law components do you believe should be repealed/unfunded? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
How Would I Know. Keep creating those new daily accounts/IDs. I enjoy you chasing my posts.
Answer: Bravo for highlighting the many positives that are contained within the Affordable Care Act!
Some of your respondents have given some thought-provoking answers, to include addressing the issue of costs related to the "pre-existing conditions" coverage. If one peruses the bill in its entirety, somewhere in there is a provision for those with current catastrophic existing conditions being, for now, in a subsidized POOL to ease the strain (costs) of covering these pre-existing conditions, and the provision for non-refusal is to be phased in gradually over time. This is discussed in more detail at several objective (non-emotion-based) websites, to include whitehouse.gov or Secretary of Health and Human Services Director Kathleen Sebilius's site, and also on cnn.com/healthcare or ReadTheBill.org.
Question: Was income tax found to be unconsitutional ? Yes when did it change? INCOME TAX
History and Purpose of the Amendment
The ratification of this Amendment was the direct consequence of the Court's decision in 1895 in Pollock v. Farmers' Loan & Trust Co., 1 whereby the attempt of Congress the previous year to tax incomes uniformly throughout the United States 2 was held by a divided court to be unconstitutional. A tax on incomes derived from property, 3 the Court declared, was a ''direct tax'' which Congress under the terms of Article I, Sec. 2, and Sec. 9, could impose only by the rule of apportionment according to population, although scarcely fifteen years prior the Justices had unanimously sustained 4 the collection of a similar tax during the Civil War, 5 the only other occasion preceding the Sixteenth Amendment in which Congress had ventured to utilize this method of raising revenue. 6
During the interim between the Pollock decision in 1895 and the ratification of the Sixteenth Amendment in 1913, the Court gave evidence of a greater awareness of the dangerous consequences to national solvency which that holding threatened, and partially circumvented the threat, either by taking refuge in redefinitions of ''direct tax'' or, and more especially, by emphasizing, virtually to the exclusion of the former, the history of excise taxation. Thus, in a series of cases, notably Nicol v. Ames, 7 Knowlton v. Moore, 8 and Patton v. Brady, 9 the Court held the following taxes to have been levied merely upon one of the ''incidents of ownership'' and hence to be excises: a tax which involved affixing revenue stamps to memoranda evidencing the sale of merchandise on commodity exchanges, an inheritance tax, and a war revenue tax upon tobacco on which the hitherto imposed excise tax had already been paid and which was held by the manufacturer for resale.
Because of such endeavors the Court thus found it possible to sustain a corporate income tax as an excise ''measured by income'' on the privilege of doing business in corporate form. 10 The adoption of the Sixteenth Amendment, however, put an end to speculation whether the Court, unaided by constitutional amendment, would persist along these lines of construction until it had reversed its holding in the Pollock case. Indeed, in its initial appraisal 11 of the Amendment it classified income taxes as being inherently ''indirect.'' ''[T]he command of the amendment that all income taxes shall not be subject to apportionment by a consideration of the sources from which the taxed income may be derived, forbids the application to such taxes of the rule applied in the Pollock case by which alone such taxes were removed from the great class of excises, duties, and imports subject to the rule of uniformity and were placed under the other or direct class.'' 12 ''[T]he Sixteenth Amendment conferred no new power of taxation but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged.'' 13
Footnotes
Answer: The first income tax in the US was found unconditional. It changed with the passage of the 16th amendment:
The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Prior to the 16th amendment, income tax was a violation on the following from Article 1 Section 2:
Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three-fifths of all other Persons.
The 13th amendment, which abolished slavery, made 'other Persons' an outdated term.
Spelling and capitalization is as found in my copy of the constitution.
Question: Do many here not know more Health Care legislation kicks in this month, and builds up through 2014? I keep reading posts here about the new Health Care doesn't really start until 2014, but many things begin to kick in September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• A 10 percent tax will be imposed on amounts paid for indoor tanning services on or after July 1.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: You are going to have to fit that on a bumper sticker if you want Republicans to understand.
Question: Has anyone taken advantage of some of the new Health Care features that started in September? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: Those who are against this - try listening to people who are not getting greased by the insurance industries for clear answers- Obama isn't - but you can bet the Foxies and Party of No Obstructionists -
Jim DeMint - Well - >the failure of Obama to pass the Health Care Reform Bill will be his WATERLOO< and DeMint and his very own family HAVE a gold plated government Health Care Plan - but doesn't want YOU to have it -
Jim - now it's YOUR Waterloo - isn't it?
Why are people so easily brainwashed into voting against the own best interests?
if your too poor - you will be covered at no cost - if you can afford basic - you save TONS of money compared to private health care - and receive subsidies to cover your bills - SO WHAT?
otherwise - the Republican alternative if your not wealthy enough - (I don't really get this - but...)
the righties say - there are charities that may give you free health care...but wait a minute - who would give it for free? Are these righties assuming some socialist programs may aid those who got laid off - had a tough patch, are disabled - what-ever- that some "socialistic charity may be there to help them?
I know because in many of my Y!A Questions I am scorned by those who would be opposed to anyone getting "free" health care - these guys "EARN IT" ... well, I suppose until their own resources run dry, get disabled at work, have an autisitc child of their own, are the victim of a car accident and can no longer work - etc.. etc...
tough cookies - if your cancer stricken in a wheel chair, the Republican world will despise your getting ANY kind of social assistance - apparently...
Doesn't sound like the America I grew up in...
Question: Has anyone taken advantage of some of the new Health Care features that started in September? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: I'm sure no Rep has because they want the bill repealed
Question: Has anyone taken advantage of some of the new Health Care features that started in September? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: Just a few of those things apply to me (coverage limits, pre-existing, rescinding), but I think it's swell.
I also think it's amusing that people think the health insurance companies are raising their rates because of this. They will not be affected until 2014. They are raising their rates because they can.
Question: Has anyone taken advantage of some of the new Health Care features that started in September? Many things already started and other pieces became available September 2010, and build up/improve coverage through 2014?
Within the first year (2010)
• Young adults will be able stay on their parents' insurance until their 26th birthday.
• Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.
• Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.
• Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.
• Lifetime limits on benefits and restrictive annual limits will be prohibited.
• New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.
• A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.
• New plans will be required to implement an appeals process for coverage determinations and claims.
• Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.
• Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.
http://articles.cnn.com/2010-03-23/polit…
Answer: This is the best news I have heard all day! Thanks.
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