If you went for more than 3 months without health insurance in 2016, you will be assessed a penalty when you file your 2016 income taxes. Here are the penalty amounts for not having coverage in 2015, 2016, and 2017. You can estimate your possible penalty by using the Estimator tool found at this link: https://taxpayeradvocate.irs.gov/estimator/isrp/index.htm. 2015 2016 and 2017 $325 per adult $162.50 per child Family Maximum of $975
What are the Penalties for Not Having Health Insurance in 2015?
If you did not have health insurance in 2014, be prepared to pay a penalty when you file your 2014 income taxes next April. If the penalty for not being covered in 2014 did not seem too high, brace yourself for the dollar amount to rise next year, and the year after. Here are the penalty amounts for 2014, 2015, and 2016: 2014 2015 2016 $95 per adult $47.50 per
Will Healthcare.gov Be Better This Time?
Kevin Counihan, the new CEO of the Federal Health Insurance Marketplace (aka the Exchange or “healthcare.gov”), is predicting a much smoother roll-out of the ill-fated website than we saw last year. Should we be hopeful? Maybe. After all, Counihan was formerly in charge of Connecticut’s state-run health insurance exchange — one of the more successful exchanges out there. And he is touting the new and improved healthcare.gov as being so
Why Get Health Insurance Through a Broker?
We came across a recent article written by a colleague of ours in which he compares buying health insurance to replacing the roof on your house — for most of us, if we tried to replace our own roof, we would have no idea where to begin, what kind of shingles to use, or how to do the job. We like the comparison! And it is very true. Most Americans
