Submitted by Rebecca Clark on Sun, 03/15/2015 – 03:24
The government has offered a second chance to uninsured people who are facing federal fines for not selecting an insurance plan. The enrollment window offers a one-time chance to several million people who have not signed up the affordable care plan. President Obama's healthcare law has been criticized by many of his opponents but many states have seen positive outcomes of the affordable healthcare.
The federal fines average at $ 170 according to a report issued by tax preparation company H&R Block. The fine will be deducted from tax refund. This is the first year fines are being collected from uninsured people who are able to afford insurance.
The low and middle income individuals and self employed businessmen are among the people fined for not opting for affordable coverage. The authorities have estimated that nearly four million people will pay fines this year if they miss to sign up for the coverage during the limited-time opportunity.
The government is pushing forward to improve the coverage as everyone is expected to have a healthcare coverage. Most of the employed people are covered by the employer-funded insurance or a government program. The rest have to buy individual policies. The new opportunity to enroll for healthcare coverage will be applicable till April 30.
The earlier enrollment ended February 15. The opportunity will be given to individuals who weren't aware that they were legally required to have coverage or owed a penalty for remaining uninsured in 2014.
The penalties for the current year will be higher, at $ 325 for 12 months.
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