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Health insurance, new question 🙂

 
Treeman
(@Treeman)
Advanced Member

Posted in 2 forums:

If the ACA is over-hauled by the GOP; they are talking about allowing health ins policies to be bought across state lines. Meaning that you could buy a policy from a provider in another state.

Would this allow VI (or other territory) residents to also purchase policies from a state on the mainland?

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Topic starter Posted : March 2, 2017 6:56 pm
Afriend
(@afriend)
Trusted Member

Who knows? You'll have to wait and see what the new "law" says about that. To paraphrase Nancy Pelosi, we'll have to wait until the new law is passed to see what's in it.

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Posted : March 2, 2017 7:41 pm
ms411
(@ms411)
Expert

If you are in the States, lobby your representatives to have territories specifically covered under new plan. The original bill said "states" and some assumed the intent was to cover territories, but since the wording specifically said states, congress deemed territories ineligible.

Territories also don't pay federal tax so that's another drawback. Everybody in the States is subject to fed taxes but few in territories are. You have to pay to play.

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Posted : March 2, 2017 7:59 pm
Alana33
(@alana33)
Expert

Not all states pay federal income tax, I believe.

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Posted : March 2, 2017 8:40 pm
rotorhead
(@rotorhead)
Trusted Member

Not all states pay federal income tax, I believe.

I believe that you are wrong. Please name a state that does not pay federal income tax.

DC pays federal income taxes.

No territory pays federal income taxes, they keep the money at home.

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Posted : March 2, 2017 8:55 pm
ms411
(@ms411)
Expert

Not all states impose a state tax but if you're living in any of the 50 states you're subject to federal tax. If you live in the VI and have income you pay VI taxes and maybe taxes in another jurisdiction depending on your circumstances.

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Posted : March 2, 2017 9:04 pm
Alana33
(@alana33)
Expert

I very well could be wrong and confusing the state tax with federal taxes.

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Posted : March 2, 2017 9:36 pm
rotorhead
(@rotorhead)
Trusted Member

I very well could be wrong and confusing the state tax with federal taxes.

Some states have no state income tax, but all pay federal income tax.
http://www.bankrate.com/finance/taxes/state-with-no-income-tax-better-or-worse-1.aspx

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Posted : March 2, 2017 9:40 pm
speee1dy
(@speee1dy)
Expert

alana just mixed up state and federal. easy to do if you are not from the states

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Posted : March 3, 2017 10:52 am
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