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It's probably a misconception that medical bills are the leading cause of personal bankruptcy (some research study pegs it at only around 4%), however everyone agrees that if you're stretched too thin economically, and after that you have a whopping medical expenditure on top of that, it isn't excellent. Incidentally, when the Affordable Care Act was originally passed, you had to pay a charge tax for going without health coverage unless you fulfilled certain exemption criteria, consisting of monetary hardship.
(If you were uninsured in 2018, you will be punished on your 2021 tax kind for that.)So, sure, you could argue: "Hey, no fee. I don't need to get health insurance." You might argue that, however please do not. The Affordable Care Act has been mired in controversy for many years, partially due to the needed fee, however whatever one's feelings about the ACA, we can most likely all agree that it's a good concept to have health insurance. http://waylonhtth503.theburnward.com/getting-my-how-much-does-mortgage-insurance-cost-to-work |
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