What is the Penalty for not Purchasing Health Insurance
For those on the fence, here are the penalties for not purchasing health insurance coverage This is vital information for those who are on the fence about whether they should purchase coverage or not. Beginning in 2020, the California individual mandate required that all California residents maintain minimum essential health coverage (MEC) for each month of the year. If you haven’t had health insurance for whatever reason, it’s important to understand the penalties for what happens down the line when filing taxes. While this is focusing on Californians, individuals in states across the country could be affected in similar ways. IS HEALTH INSURANCE REALLY THAT IMPORTANT?: People might wonder why the U.S. government emphasizes health insurance. In summary, there are two primary reasons to have health insurance: • Health insurance supports you if you get sick • Health insurance helps you avoid getting sick to begin with Health Insurance Supports
