The final deadline to sign up for and get ObamaCare in 2014 is fast approaching. March 31, 2014 is the last day you can sign up and avoid the IRS penalties and get subsidies. If you don’t have health insurance by that date, you will be in violation of the law and may be fined by the IRS next year when you do your taxes. There are a lot of exemptions but for most Americans, the ObamaCare IRS penalty will apply to anyone who fails to get insurance by the end of March.
IMPORTANT: If you miss the March 31 open enrollment deadline you will not be able to buy ObamaCare insurance until open enrollment stats up again in October 2014. That means between now and then you will have to find health insurance on your own by contacting private insurers and you will NOT be eligible for any ObamaCare discount. That means you will have to pay the ObamaCare tax penalty AND possibly higher rates through a private insurer. So don’t miss that deadline!
ObamaCare IRS Penalty Amounts