tax penalty

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New Health Insurance Exemptions May Help You Opt Out of Exchange Coverage

When the Affordable Care Act (ACA) legislation was enacted in 2010, one of its goals was to make affordable health insurance available to more Americans. A key, but controversial, piece of the legislation was the individual mandate clause, which required virtually everyone in the country to have ACA-compliant health insurance, or else be liable to […] Read more

What Is the Penalty for Not Having a Health Insurance Plan?

Do I have to pay a fine if I don’t have health insurance? The answer to the question is “maybe.” The Internal Revenue Service estimates that 8.1 million Americans paid a tax penalty for not having coverage in 2014, the last year that actual numbers are available. Not Buying an Individual Health Insurance Plan and […] Read more

Beginner’s Guide to Buying Health Insurance

The open enrollment period for buying health insurance for 2017 is just a few months away, and brushing up on the basics can help ease the pain of buying a health insurance plan for the first time, or shopping for a new plan that fits your needs better than existing coverage. The average American’s shopping […] Read more

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