As of July 2014, having health insurance became mandatory for most Americans. It’s important to choose a plan you can afford so that the insurance provider does not drop your policy, as you may end up with expensive fines if you are uninsured for an extended period of time. Mandatory health insurance has been a challenge for many low-income Americans, but in the event that they need medical care it will be good that they have it.
While some people may have slipped by, many were hit with a fine when they filed their 2014 Federal taxes. The question of whether you were covered by health insurance for the year is now part of filing your taxes. Shop around and compare premium prices and choose the most affordable plan for you and your family.
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