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The Affordable Care Act (Obamacare) fine (It is actually a tax) is $95 per year or 1% of your income, whichever is higher. If you have more than one occupant in the house, the tax applies to each individual. Children under age 18 are assessed a lower amount ($47.50).
The tax increases next year (to 2%) so it is wise to purchase affordable healthcare through experienced brokers.
Why is there a tax? In order for the Affordable Care Act to work properly, enough persons must enroll (especially healthy persons) so insurers have sufficient funds to pay claims for all policyholders.
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The tax increases next year (to 2%) so it is wise to purchase affordable healthcare through experienced brokers.
Why is there a tax? In order for the Affordable Care Act to work properly, enough persons must enroll (especially healthy persons) so insurers have sufficient funds to pay claims for all policyholders.