Obamacare Deadline Looming, So Are Doubled Penalties For Not Being Insured

Obamacare deadline hysteria should be setting in at your state and for good reason. The Obamacare deadline for 2016 is January 31st and many states are scrambling to get people signed up. Of course, t...
Obamacare Deadline Looming, So Are Doubled Penalties For Not Being Insured
Written by Lacy Langley

Obamacare deadline hysteria should be setting in at your state and for good reason.

The Obamacare deadline for 2016 is January 31st and many states are scrambling to get people signed up.

Of course, they want everyone covered by a healthcare plan, but also because the penalties are WAY steeper this year.

For those who are scoffing at the Obamacare deadline and thinking they will just pay the penalty, you may want to reconsider.

This year, if you miss the Obamacare deadline and don’t sign up, you will be facing fines of up to $695 per adult and $347.50 per child.

That is over double what you paid last year when fines were $325 per adult and $162.50 per child, and way up from 2014 when Obamacare first became enacted.

In 2014 fees for missing the Obamacare deadline and not signing up were only $95 per adult and $47.50 per child.

So, will mounting fees finally force those who have chosen to remain uninsured to beat the Obamacare deadline and sign up this year?

What do you think of the upcoming Obamacare deadline and the jump in individual mandates?

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