Open Enrollment Season Is Here- Penalty 2016 is $695 or 2.5% of Income

Now is the time to make changes or enroll in a new health plan either on or off the Exchange.  The penalty for not having health insurance in 2016 has increased to a tax penalty of $695 per adult, $347.50 per child or 2.5% of income (whichever is greater).  It’s important to note that the…

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