As some of you know, California has enacted Senate Bill 78 (SB 78), which mandates health insurance for every CA resident or pay a $695 penalty.
If one were to move out of CA now (Nov 12, 2020) , do they still owe the penalty even if they spent the rest of the year as a resident of another state, or is it based on the “December 31” rule like some time-based conditions (e.g. if you were married for 5 years and your divorce finalized on 12/30/2020 you file as Single instead of Married)? If not, can you be given a provision that despite making x amount of money and you can afford it based on a typical debt/income ratio, you can be exempt since most of it went to paying off debt and you were living off rice and beans?
I ask because although I bugged out of CA to Idaho on Christmas 2019 because of that and Assembly Bill 5 (AB 5), they were hesitant and are now considering leaving CA.
submitted by /u/edwardw818
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As some of you know, California has enacted Senate Bill 78 (SB 78), which mandates health insurance for every CA resident or pay a $695 penalty. If one were to move out of CA now (Nov 12, 2020) , do they still owe the penalty even if they spent the rest of the year as a resident of another state, or is it based on the “December 31” rule like some time-based conditions (e.g. if you were married for 5 years and your divorce finalized on 12/30/2020 you file as Single instead of Married)? If not, can you be given a provision that despite making x amount of money and you can afford it based on a typical debt/income ratio, you can be exempt since most of it went to paying off debt and you were living off rice and beans? I ask because although I bugged out of CA to Idaho on Christmas 2019 because of that and Assembly Bill 5 (AB 5), they were hesitant and are now considering leaving CA.
submitted by /u/edwardw818 [link] [comments]Read Morer/HealthInsurance