Will I Be Fined If I Do Not Have Health Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Under the new Affordable Care Act you will have an Open Enrollment period that will las t from October until March of 2014 during which time you will eed to select a health insurance policy.  Failure to do so will result in a tax penalty and will be deducted from any refund or increase the amount of tax you will have to pay.  It is not a criminal offense and a fine is not involved unless of course you refuse to pay your tax.
    Answered on June 26, 2013
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