Fine Print: IRS to Collect Your Health Care Premiums
Fine Print: IRS to Collect Your Health Care Premiums. You heard right: IRS will garnish your wages; taxman will knock on your door. This really is Socialism. Does the IRS also intend to take a collection fee on the premiums the PRIVATE health insurance companies are charging?
“Never has the federal government said any American had to buy anything. Now, [you] have to buy insurance. If you don’t buy insurance, pay the IRS more money,” said Sen. Charles Grassley (R-IA) during the Senate’s floor debate in November.
Grassley is correct in that the mandate would be enforced at tax time. If you can’t prove you’re covered, you’ll pay a penalty.
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