It’s open enrollment: time to select your health insurance plan for the coming year.
If you were thinking about skipping it this time around, get ready to pay regardless. Fines for not having coverage are increasing. For 2016, they will be $695 for each adult and $347.50 for each child, up to $2,085 for a family. Or it could be 2.5 percent above the filing threshold, says the IRS (individuals $10,150, couples filing jointly $20,300), whichever is higher. Continue reading “The Costs of Not Having Health Insurance”