Obamacare. What will happen if i don't get health insurance before jan 1, 2014?

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  • Obamacare. What will happen if i don't get health insurance before jan 1, 2014?


Answer #1 | 19/12 2013 22:19
If you aren't exempt and don't have health care insurance you will be accessed a penalty when you file your 2014 taxes but it's not a criminal matter so no jail time.
Answer #2 | 19/12 2013 22:22
If you aren't working, then you can get health insurance from the state. There are calculators that let you know what plans are in your area, how much the insurance is and how to get it. If you don't have an income, you won't be fined for not having it.
Answer #3 | 19/12 2013 22:37
Nothing will happen. Nothing will happen to you because it is only mandated for those with enough income to be able to afford to buy health insurance with only their income. If you have no income, then it is not mandated for you, and nothing will happen to you. For a person for whom it is mandated, there is a very small fine, which, again, you won't have to pay. There is no jail for anyone.
Answer #4 | 20/12 2013 04:21
Nothing. You don't get fined, unless you don't have it by 03/31/14.
Answer #5 | 21/12 2013 14:52
Nothing will happen by January 1 but if you dont get insurance by March 31 you may pay a tax penalty, deducted from any refund you have coming. If there is no exchange plan that costs less than 8% of your income, you wont pay a tax penalty. The IRS cannot collect the tax except from your refund. If you are young, you have the possibility of needing a doctor at some point for illness or injury and if you go to the ER, you wont pay the bill. So thats the reason for it. When the hospital and doctor dont get paid they raise their prices. Under Obamacare, you can be on your parents insurance to age 26 or buy a catastrophic care-only plan that is cheaper.
Answer #6 | 20/12 2013 10:13
You have until March to avoid the fine. You have until yesterday to not be without health insurance...or your can take Ryan's advice and come after him for your medical bills.

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