Important Info on the Opt Out Penalty
The fee for not having health insurance in 2016
Percentage of income:
[You should be able to start signing up for Obamacare again around Nov 15th 2016; in some cases, you can sign up sooner. Small businesses can also sign up now. Info here.]
Important Info on the Opt Out Penalty:
It's sometimes called the "health insurance penalty," "fine," "individual responsibility payment" or "individual mandate."
If you are required to get health insurance, and you don't have what the government calls "minimum essential coverage," you have to pay the penalty.
See below to learn if you can avoid the penalty:
Sunday, April 24, 2016
Who's Opting Out of Obamacare in 2016?
"People, like Mr. Murphy, who earn too much to qualify for federal subsidies that defray the cost of coverage may be most likely to opt out. A recent analysis by the Kaiser Family Foundation found that more than seven million people who are eligible for exchange coverage would pay less in penalties than for the least expensive insurance available to them. More than half would not qualify for subsidies, the analysis found."
Posted by Orcinus Media at 3:17 PM