Ok, Mr. Healthy, but you are an individual first and foremost. You have been “mandated” to purchase healthcare insurance. It is not about your family anymore, it’s about the individual. You may choose to “opt out” and with that you are subject to paying the penalty, as per SCOTUS in June 2012. The penalty will be a percentage of your income determined by the IRS when you file your taxes. The IRS will tell you what your penalty is. If you disagree you may file a grievance, but only after you pay the penalty first.
More information about the Patient Protection and Affordable Care Act can be found at: http://housedocs.house.gov/energycommerce/ppacacon.pdf.
“The thoughts and opinions expressed in this article are not to be taken as legal advice. The ACA changes on a daily basis and the material covered is a reflection of the author’s research into the bill on a given day. While every attempt is made to communicate with accuracy you should consult your lawyer or CPA for advice on how the ACA will affect you and your situation.”
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