Obamacare Fine FAQs

Question: If I don’t have health insurance will I really be fined?

Answer: That depends on a number of factors. Your best best is to read about the different kinds of Obamacare exemptions.

Question: Can I be forced to pay an Obamacare penalty?

Answer: You won’t be prosecuted for not paying, but the IRS can take the fine in the form of reducing your tax refund.

Question: What if I’m uninsured for only part of the year?

Answer: You won’t owe an Obamacare fine if you were without qualified health insurance for less than 3 full months. Beyond that, having no health coverage for at least 1 day in any given month may trigger a penalty.

There you have it folks!

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