Updated on Jun 30, 2022 | Health Navigator
Not so! You can be in a hospital bed for several days without actually being admitted with personal financial consequences.
The New York Times article “ noted: “ But it turns out that even though you are receiving treatment in a hospital bed, you may simply be under observation, and technically are still an outpatient. That can cost you money if you are covered under Medicare, the federal health plan for older Americans.”
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Updated on Jun 30, 2022 | Health Navigator
Choosing not to buy health insurance as required by Obamacare will result in IRS penalties withheld when you file your income tax returns. But you will still get billed by your doctor, the ER and the hospital – which could affect your credit rating, and in the case of an expensive emergency hospital admission put you into enormous long term debt if not bankruptcy.
The NPR published FAQs on “Understanding The Health Insurance Mandate And Penalties For Going Uninsured.” For example:
“Do I have to carry health insurance? Yes, just about everyone is required to have insurance as of Jan. 1, 2014, or else they’ll be liable for a tax penalty. That coverage can be supplied through your job (including COBRA or a retirement plan), public programs such as Medicare, Medicaid or the VA, or an individual policy that you purchase.
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Not so! You can be in a hospital bed for several days without actually being admitted with personal financial consequences.