Monday, May 12, 2014

Who Will Pay The Individual Mandate Tax?

By Coleen Elkins

As the exemption list for not purchasing health insurance grows who will be left to pay the mandated tax for not purchasing health insurance?

For the next couple of years the tax will be much less than the cost of insurance premiums. Those that do not purchase can enroll during future open enrollments without being penalized. Forty two million Americans will likely remain uninsured this year. Would it be better if there were incentives to purchase?

  • Read more about the tax penalty here

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