Health Insurance Requirements and Potential Penalties

Beginning in 2014, if you or members of your household do not have health insurance, a penalty may be assessed when you file your tax return.  This penalty will be assessed based on the number of individuals uninsured and/or your income level.  If you and the members of your household already have insurance through your employer or your spouse’s employer, you’re all set.  If you are uninsured or would like to explore your health insurance options, visit your state’s exchange website.  To estimate your potential penalty, visit: http://www.healthinsurance.org/learn/obamacare-penalty-calculator/ .