Did you sign up for health insurance or continue last year’s health insurance into 2015? If so, good for you. If not, you have until February 15,2015 to enroll in an Affordable Care Act health insurance plan. Missing the 2/15/15 enrollment cut-off could cost you some serious cash when you file your 2015 income tax return. Maximum Tax Penalty…yes, it is a tax…just ask Chief Justice John Roberts…can be as high as $945.00 for not registering for health insurance in 2015.
Of course if you are locked-up in jail, a member of an indian tribe, an undocumented immigrant, or if your health insurance premiums exceed 8% of your annual household income, the tax penalty will not be imposed upon you…that’s in the law. However, all others must be covered by personal health insurance or by employer-sponsored group health insurance during the year 2015, otherwise the IRS (Insurance Reprobate Sackers) will come to your door, grab you by the ankles and hold you upside-down until they shake the fine from your jeans.
You get the government you elect…and the laws that government imposes on you…If you did not vote in 2012 or 2014, you cannot complain about the “Unaffordable Care Act”. Like a year old infant in a poop filled diaper you can now just sit in it and cry.