ObamaCare's Individual Mandate: What is the Tax Penalty for Not Having Health Insurance?ObamaCare's individual mandate requires that most Americans obtain health insurance by 2014 or pay a tax penalty. The individual mandate goes into effect January 1st, 2014. The penalty will be applied to your annual taxable income for each month you don't have health insurance (although you do have a 3 month grace period hence the marketplaces being open until March 31st, 2014). (Taken from http://obamacarefacts.com/obamacare-individual-mandate.php)
I find Insurance interesting. In 40 years, I have never been so amazed at how things change, but lately things are changing quickly and drastically! I know you have questions, comments and frustrations. Let's unite to help each other!