Those who don't get health insurance face penalties
Under the 2010 Affordable Care Act, nearly every American must carry health coverage or face a penalty. That means going without insurance might cost you, even if you go the entire year without seeing a doctor.
Those who refuse to get coverage face a tax penalty of $95, or up to 1% of their income, for the first year. Someone who makes $46,000 a year would pay, for example, $360 in a tax penalty, according to calculations by the Center for Healthcare Research & Transformation in Ann Arbor. The first $10,000 would not be taxed.
But there are exceptions to the law, including these:... read more
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