Dec
23

ObamaCare fines loom for uninsured
By Elise Viebeck

posted by Leave a Comment

Tax preparation companies are touting their expertise in handling the IRS’s ObamaCare rules as they gear up for a new filing season.After the first of the year there will be many very unhappy folks after finding out they will be fined $325 per adult or 2 percent of family income, whichever is higher if not covered by insurance with the deadline of Feb. 15, 2015.

People without insurance are running out of time to avoid the hefty ObamaCare penalties that the IRS will be handing down in 2016. As if we need the IRS to have even more power over us!

Uninsured people looking to escape the penalties are turning to the exchanges before they close, while insurance companies and tax preparers are seizing on the looming tax hit as a business opportunity.

One recent mass mailer from CareFirst BlueCross BlueShield obtained by The Hill warned potential customers in the Washington, D.C., region that going without health insurance coverage would come with a steep cost.

Full Story Here

By Elise Viebeck

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