Do I have to purchase health insurance?
Beginning 2014, most people were required to have health insurance or pay a penalty. Coverage may include employer-provided health insurance, individual health insurance, or health insurance through a government program such as Medicare or Medicaid.
People without health insurance could face tax penalties that will be phased in and increased over several years, starting with the 2014 tax filing. The penalty for the 2014 tax year was $95 per adult ($47.50 per child) or 1 percent of household income (whichever is greater) and family maximum of $285. In 2015 the penalty increases to $325 per adult ($162.50 per child) or 2 percent of household income (whichever is greater) and family maximum of $975.
If you need to purchase health insurance or need more answers to your questions, Contact E&S Team
juan.espinosa@es-insurance.com
www.es-insurance.com
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