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Increase in Fine for No Health Insurance

November 18, 2015

Starting November 1, the penalties for the millions of people who are eligible for health insurance coverage but choose to remain uninsured in 2016 is going up; $695 or 2.5 % of taxable income, whichever is greater. This is up from the $325 or 2% of income in 2015. In 2014 the fine was $95… Read More