"Obamacare’s individual mandate requires citizens to purchase health insurance or pay a penalty. The mandate took effect in 2014 but leveled a comparatively modest fine: either a $95 per person fee or a 1 percent income tax penalty—whichever is higher.
This year, fines increase to $325 or 2 percent of taxable income. And for the first time, citizens will report their health insurance status directly to the IRS."
No comments:
Post a Comment