What You Need to Know About Opting Out of Obamacare
Who is exempt, what's with the fine and more answers.
1 / 8
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)
2 / 8
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)
3 / 8
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
4 / 8
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)
5 / 8
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
ADVERTISEMENT