Time is running out to sign up for individual health insurance. And if you don't have some type of coverage this year, be prepared to pay a penalty.
Obamacare requires most Americans to get insurance through an employer, the government or directly from an insurer in 2014. If they don't, they have to fork over a fee to the Internal Revenue Service at tax time.
Uninsured adults will either pay a flat fee for themselves and their children or pay a share of their income. For 2014, it's $95 or 1% of income, per adult, whichever is greater. The penalties go up in later years.
Most low-income residents will only have to shell out $95, but the costs can add up for others. An individual could be socked with a $3,600 charge, and a couple with two children could owe between $285 and $11,000.
How much will you have to pay? The Tax Policy Center has created a calculator to help you tally the penalty.
Tired of listening to endless hold music while waiting to talk to your Obamacare insurer? Try tweeting it.
Frustrated consumers have taken to social media to contact or complain about their Obamacare insurers. Many have questions or are encountering problems with their new benefits, but can't reach their insurer to resolve the matter.
On hold w/ @AnthemPR_CA for over an hour. Transferred back into phone tree 4x now. May light my hair MORETami Luhby - Jan 31, 2014 6:00 AM ET
Americans are much more likely to have trouble paying medical bills or getting a quick appointment with a doctor than their peers in 10 other high-income, industrialized countries, according to a new study.
Even Americans with insurance are more likely to forgo care because of high costs and to struggle to pay big bills, according to the survey, conducted by The Commonwealth Fund. And the United States spends far more on MORETami Luhby - Nov 14, 2013 5:00 AM ET
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