Up to Six Million People Predicted to owe IRS “Shared Responsibility Payment”

According to a recent article by Robert Pear, a well-known health reporter for the The New York Times, up to six million people, or 2-4% of tax filers, will have to pay penalties this year because they chose not to buy health insurance.  Others also probably will not purchase health insurance due to being confused about the process and the ACA mandates.

As a result, CMS is providing individuals and families who owe the fee when they file their 2014 taxes with one last chance to get covered for 2015.cms logo pic

The Special Enrollment Period begins March 15 and ends on April 30.  During this time, you’ll have the opportunity to enroll in health coverage for 2015 only if you are currently uninsured & owe the fee for 2014.

See our Marketplace Instructions for help applying for coverage during this Special Enrollment Period.

Important: The fee for people who don’t have coverage increases in 2015. If you don’t have health coverage for 2015, the fee is $325 per person or 2% of your household income – whichever is higher.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: