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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

The Lowdown on the Obamacare Health Insurance Penalty

By Kimberly Lankford





Who gets to dodge it and who must pay-up big time


The health care law requires just about everyone to have health insurance in 2014 or pay a penalty. The penalty starts small and grows over the next three years - beginning at $95 per person (half that per child under 18) or 1% of household income, whichever is higher, in 2014. In 2015, the penalty is $325 per person or 2% of household income, and in 2016 it's $695 per person or 2.5% of household income. The penalty will stay at that level, adjusted for inflation, after that. The IRS will assess penalties for 2014 when you file your 2014 tax return. The penalty will be taken out of any refund you're owed (but the IRS can't use tax liens to try to collect the money, as it can with other types of payments due).


The penalty isn't as dire as it sounds for large families. The amount is capped at 300% of the per-person penalty, regardless of your family size (a maximum of $285 for 2014, which is 300% of $95). The percentage-of-income penalty is based on your modified adjusted gross income (your adjusted gross income, found on the bottom of page one of your Form 1040, plus tax-exempt interest and foreign income) minus the filing threshold for your family size ($10,150 for an individual). The percentage-of-income calculation uses joint income if you're married filing jointly, regardless of the number of people who are uninsured. The household income penalty is based on joint income even if one of the spouses is covered, says Mirian Rosenberg, a tax analyst with Thomson Reuters.


Good news for super-high earners: The maximum penalty is limited to the national average annual premium for a bronze plan, which will be calculated in 2014 (many examples currently use $4,500 or $5,000 for individual coverage, which is the Congressional Budget Office's estimate for the average bronze plan premium amount for individuals in 2016).


If you're uninsured for part of the year, you'll have to pay one-twelfth of the yearly penalty for each month you're uninsured. The penalty doesn't apply if you're uninsured for less than three months or if you buy a policy through your state exchange by March 31, 2014.


To dodge the penalty, you need health insurance that qualifies as minimum essential coverage. That usually includes employer-sponsored coverage, retiree health insurance, policies purchased on and off the exchanges, individual policies you already have (see President Obama Allows Insurers to Extend Canceled Health Insurance Policies for more information), Medicare, Medicaid, the Children's Health Insurance Program (CHIP), Tricare for servicemembers, military retirees, their families and survivors, Veterans health care programs and some other types of coverage. See the list of qualifying types of policies at HealthCare.gov. And for more information about the types of policies that qualify, groups that are exempt and how to claim an exemption, see the IRS's Q&As about the Individual Shared Responsibility Provision.


Certain groups are exempt from the penalty, including people who were uninsured for less than three months during the year. Low-income people are exempt if the lowest-priced coverage available to you would cost more than 8% of your household income, or if you didn't have to file a tax return because your income is too low. You're also exempt if you're a member of certain religious or other groups. See the HealthCare.gov fact sheet for a list of exemptions.


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If you're thinking about forgoing health insurance, remember that you'll have to pay any health care bills out of your own pocket - which can quickly top thousands of dollars if you have an illness, accident or emergency. The cost of not having insurance can add up even if you're lucky enough to remain healthy and have just a few doctor's visits, tests or prescription drugs.


Starting in 2014, insurers can't reject you or charge you more because of your health, and people who earn from 100% to 400% of the federal poverty level (up to about $46,000 for an individual and $94,000 for a family of four) can qualify for subsidies to help pay the premiums (see Calculating the Health Insurance Subsidy for details). For more information about the new law, see Get Ready for Obamacare. For advice on finding a policy, especially considering the difficulties with the HealthCare.gov Web site, see Navigating Around the Obamacare Sign-Up Problems.

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Kimberly Lankford is a Contributing Editor at Kiplinger's Personal Finance.



All contents copyright 2013 The Kiplinger Washington Editors, Inc. Distributed by Tribune Content Agency, LLC

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