Claremont Insurance Services, Walnut Creek, Californian General Agency

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Tax Penalties Are Going Up For Uninsured

Tax Penalties Are Going Up For Uninsured

Tax Penalties Are Going Up For Uninsured, Covered California for Small Business,

Most people are required by law to have health insurance through an employer, a government health program or an individual plan they purchase themselves. Those who don’t purchase health coverage in 2016 may be subject to the penalty, which is $695 per person in a household or 2.5 percent of their income, whichever is greater. A family of four earning $70,000 a year could pay close to $2,085 in their taxes if they remain uninsured in 2016 (there are some exemptions).

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Contact our Covered California or Small Business experts at 800.696.4543 or info@claremontcompanies.com.

 

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