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In the U.S., There isn't one yet. The proposed fines will start in 2014 and will become greater as the years progress:
$95 in 2014
$325 in 2015
$695 in 2016 (capped at 2.5% of AGI).
Families will have a cap of $2,250 total. The fine amount for children will be half of the adult fine.
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In the Obama health care plan are American's required by law to have health Insurance?
Yes, but Obama has created this as a loophole to please insurance companies while still allowing people to have government health care. The "fine" for not having health insurance (and therefore having government health care instead) is only $300 per year, which is MUCH less than Americans pay for health insurance. It's the same as putting in a $300 a year tax increase to pay for health care, but he didn't call it that to trick the insurance companies into supporting it!! Haha, smart guy!!
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Agile Health Insurance makes it simple to choose, compare & apply online for affordable Health Insurance from leading Health Insurance Companies with ObamaCare options, Short-Term Health & Dental Insurance too! cutt.ly/7jfAre3
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Agile Health Insurance makes it simple to choose, compare & apply online for affordable Health Insurance from leading Health Insurance Companies with ObamaCare options, Short-Term Health & Dental Insurance too! cutt.ly/7jfAre3
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