Question: When will I be fined if I don't get health insurance (Obamacare)?
Hello, Not that I'm planning on not getting health insurance but I was just wondering--- Enrollment begins Tuesday (at least here in California). I know that there is a fine for not signing up ($95 or 1% of income, whichever is higher from what I have read) However..I cannot find one answer on WHEN you will be fined if you don't sign up. Will it be during this upcoming tax season? Or next year for 2014 taxes? I'm just wondering because I start full time school and will be cutting to about 20 hours a week at my job (as opposed to full-time status that I work now) I do not currently have insurance because my job does not offer it and I do not qualify for Medicaid (because somehow I make too much money even though I can barely afford to pay my bills...) So I plan on signing up for Blue Shield or something of that nature once I cut my hours because it will be much cheaper than if I sign up now. Thanks! Any feedback regarding this would be great but my main concern is being fined. Please let me know when that fine will come into play.
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