Need to Know: Health Plans & Medical IRAs

Need to Know: Health Plans & Medical IRAs
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Showing posts with label Penalty. Show all posts
Showing posts with label Penalty. Show all posts

Wednesday, January 22, 2014

8 Questions about the Obamacare Penalty

What is the penalty?
When does the penalty kick in?
How much is the penalty?
Who's exempt?
How else can I avoid the penalty?
How will they know if I'm uninsured?
How do I pay the penalty?
Can I be put in jail if I don't pay?
               No. They can only collect the penalty by reducing your future tax refunds.