Up to six million households face a penalty for passing health insurance

Up to six million households face a penalty for passing health insurance

  WASHINGTON-The US government estimates that as many as six million households may have to pay a fine for not having had health insurance coverage last year as required by the Affordable Care Act, officials said Wednesday.

  Prince William County, Virginia residents get help with their health insurance application of the Prince William Community Health Center, Evergreen Terrace Site, in Manassas, Va., Saturday, November 15, 2014. Both seasons sign-up under President Barack Obama's health overhaul begins Saturday with hope that consumers will have a positive experience at the moment and fears that entrenched political opposition and challenge the new law may not collapse program.

  Up to 20% of the reporting tax-or about 30 million uninsured for part or last year is likely to ask for and receive exemption from punishment, officials said. Many exceptions can be applied for during the tax filing process.
  Approximately 150 million taxpayers are expected to file tax returns for the season to come, said Mark Mazur, assistant secretary for tax policy in the Ministry of Finance. The process of filing taxes this year is expected to be more difficult because the United States will, in some cases, have to pay a fine or get a smaller refund because of the credit they receive to offset the insurance premiums that are too big.
Health law requires nearly all Americans have coverage or pay a penalty, with a few exceptions. Approximately 2% to 4% of expected tax complainant must pay a fine for not insuring in 2014, which is $ 95 per adult, or 1% of the family income, whichever is greater.
  Government agencies to encourage Americans to file their taxes electronically and provide the reporting information via email, phone and text. They also offer a means of support to the Internal Revenue Service and other federal sites.
  The figures are based on the percentage of the affected reporting provided by the Ministry of Finance. Taxpayers refers to households because, for tax purposes, the tax paid by households.
  Government officials on Wednesday provided some of the first estimates of how the United States will be affected by the ACA when taxes. About three-quarters of the reporting tax

  As many as 5% of taxpayers receive subsidies that offset the cost of premiums for insurance plans obtained through the ACA. The amount of subsidy is based on the consumer projection of their income in 2014. Since income can vary and can not be accurately estimated, some of those who received the credit may owe money or get a smaller refund. Other people may get a larger refund if the amounts are too low, officials said.
which has coverage in 2014 will only have to check a box on their federal tax forms showed they have the coverage last year.
Government officials say they have not made a decision on a special enrollment season that will go beyond the deadline.
  Federal officials began in early January mailing statements called 1095A form to consumers with information about how to file the return. Attention to change the ACA during tax season may encourage Americans to register now to coverage, such as open enrollment season under ACA passed through February 15.
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