What You Need to Know About Opting Out of Obamacare

Who is exempt, what's with the fine and more answers.

What You Need to Know About Opting Out of Obamacare - While millions already have logged on to enroll in Obamacare, not everyone wants to enroll. But who is exempt? What’s the deal with paying the fine? Here’s a look at what you need to know if don’t want to sign up for health care. —Kellee Terrell (Photo: Mike Theiler /LANDOV)

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What You Need to Know About Opting Out of Obamacare - While millions already have logged on to enroll in Obamacare, not everyone wants to enroll. But who is exempt? What’s the deal with paying the fine? Here’s a look at what you need to know if don’t want to sign up for health care. —Kellee Terrell (Photo: Mike Theiler /LANDOV)

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Who Doesn’t Want Health Insurance? - Not everyone is excited for health-care reform. Some opponents claim that through Obamacare, health insurance will be more expensive than the White House claims. Perhaps this is why a recent survey found that 10 percent of its respondents were not enrolling in Obamacare and were going to pay the penalty instead. Recently, the Los Angeles Times reported that some young people believe that because they are healthy they don’t need health care. (Photo:Teekid/GettyImages)

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How Long Do I Have to Decide? - For those who are still on the fence about enrolling, you have until March 31, 2014, to sign up for health care before you have to pay a fine.       (Photo: Karen Bleir/AFP/Getty Images)

Photo By KAREN BLEIER/AFP/Getty Images

Getting Involved - For more information about bone marrow diseases, registering as a donor or finding out about more ways to give, visit SWABplusDNA.org. You can also text the words “DNA” to 50555 to contribute $10, which helps donors pay for related costs including the testing needed to match donors and patients. (Photo: Jim Bourg/Landov)

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What Is the Penalty? - The penalty for now isn’t expensive: It’s $95 per person, up to a family maximum of $285, or 1 percent of family income, whichever is the most. But by 2016, that number goes way up to $695 per person and the family max could be $2,085. FYI: If you pay the penalty, you do not have health care and will have to pay 100 percent of all your health-care costs. (Photo: Jim Bourg /Landov/REUTERS)

Why Is There a Penalty? - “When someone without health coverage gets urgent — often expensive — medical care but doesn't pay the bill, everyone else ends up paying the price,” writes HealthCareGov. This is why the law requires that people who can afford health care pay for it or pay the price for not having it. (Photo: Courtesy healthcare.gov)

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Why Is There a Penalty? - “When someone without health coverage gets urgent — often expensive — medical care but doesn't pay the bill, everyone else ends up paying the price,” writes HealthCareGov. This is why the law requires that people who can afford health care pay for it or pay the price for not having it. (Photo: Courtesy healthcare.gov)

Photo By Photo: Courtesy healthcare.gov

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Who Can Get an Exemption? - People who are already enrolled in health care for low-income Americans such as Medicare, Medicaid and CHIP. Others include people who are incarcerated, undocumented immigrants, people who don’t make enough money and Native Americans. Read the entire list of exemptions here. (Photo: Justin Sullivan/Getty Images)

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Who Can Get an Exemption? - People who are already enrolled in health care for low-income Americans such as Medicare, Medicaid and CHIP. Others include people who are incarcerated, undocumented immigrants, people who don’t make enough money and Native Americans. Read the entire list of exemptions here. (Photo: Justin Sullivan/Getty Images)

Your Employer May Match You - This has become less popular as the economy has been slowly recovering, but sometimes your employer may match the money you put into your 401K. If so, invest as much as you can, because this is free money.  (Photo: Don Bayley/Getty Images)

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Does the Government Just Want Our Tax Money? - It can seem like Big Brother is just trying to nickel and dime us, but when it comes to paying a penalty, the government really doesn’t want us to take that route. The success of the Affordable Care Act lies in people enrolling, not opting out. (Photo: Don Bayley/Getty Images)

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The Bottom Line - Yes, the extra cost can be a bummer, but remember that 60 percent of Americans qualify for monthly premiums that are $100 or less. And while you may feel healthy now, you never know what will happen in the near future and health care is about preventative care. (Photo: BSIP/UIG Via Getty Images)