Obamacare requires that most everyone have health insurance or pay a penalty – which is set for a steep increase. In 2014, under Obamacare or the Affordable Care Act, the maximum penalty for not registering for health insurance coverage is $975.

AUSTIN, Texas, /PRNewswire/ — The Affordable Care Act or Obamacare requires most Americans to obtain some kind of health insurance coverage starting in 2014. It is designed to protect consumers from insurance company worst-practices – like denying coverage based on pre-existing conditions, capping total coverage, and dropping or watering down coverage when consumers get sick and need it most.

The penalty will be withheld from federal income tax returns and the amount will be deducted from future refunds. There are however exemptions for certain groups including:

People who’s insurance premiums exceed 8% of one’s annual household income

Undocumented immigrants

Members of Indian tribes

The incarcerated.

The good news is that there is still time to register. Call us at 800-362-2809

Obamacare Enrollment Deadline

The original Obamacare open enrollment period has been rescheduled for Nov. 15, 2014 – Jan. 15, 2015. Consumers looking for Obamacare, under the first year of the new rule, have until Jan. 15, 2015 — when open enrollment on the new marketplace closes — to get insured before a potential fine is issued.

Obamacare Cost:

The majority of people uninsured today can find a policy for $30 – $100 per month, taking into account subsidies and Medicaid eligibility. Some will carry higher deductibles and co-pays. Costs will also vary from one state to another so resources and pricing schedules are available at obamacare24.com

While some may pay up to $975 in penalties the first year, this is very avoidable and experts predict most people will sign up for insurance before the Jan. 15, 2015 deadline.

In a changing insurance environment, you need help –   Trust us to help you find the best value for you and your family.   If you need help finding a health insurance policy, call us at 800-362-2809.  Our dedicated, certified service agents are here to assist you make an informed choice regarding your coverage this year.