Saturday, March 14, 2015
Uninsured Citizens Can Still Avoid being Penalized by Obamacare
Citizens who have not yet purchased a health insurance plan can still avoid federal fines, since Washington has offered a second chance. The enrollment period will give a million people who have not yet signed up for Obamacare a one-time chance to enroll.
Most people has negative feedback with President Obama’s healthcare law it has been criticized by a lot of people. The average federal fine is at $170 which will be deducted from tax refund. 2015 will be the first year in which fines are being collected from uninsured people who are able to afford insurance.
The low and middle income individuals and self employed businessmen are among the people fined for not opting for affordable coverage. The government said that about 4 million people will have to pay fines this year if they don't sign up for the coverage during the limited-time window.
The limited time window to enroll for healthcare coverage will be open up to April 30. The penalties for this year will be higher, at $325 for 12 months.