Not Covered in 2014

Did you refuse, forget and not get covered with qualifying health insurance for 2014?  Well, you you may have to pay a penalty when you file your taxes.  Unless you have an exemption, the tax penalty starts at $95 per family member on your tax return or 1% of your household income, whichever amount is higher. The maximum penalty is capped at the national average premium for a bronze plan which is approximately $2,448 in 2014.

Author: Linsey Mills

Meet Linsey Mills, an accomplished entrepreneur, author, consultant, and philanthropist. With a passion for inspiring others, Linsey has received numerous awards, including the US Small Business Administration Entrepreneur of the Year and the Linetta Gilbert Service Award for his exceptional commitment to philanthropy. He is also the bestselling author of Your Business Venture and co-author of Teach Your Child About Money Through Play. Linsey believes in finding engaging work and enjoying Simply Outrageous adventures. With his experience as a licensed professional in health and life insurance, a financial coach, a game developer, and co-creator of The Colors of Why, Linsey is a wealth of knowledge. He is also a founding member of Next Generation of African American Philanthropists and a recipient of the Davidson College Alumni Service Award. Follow Linsey's blog for valuable insights and inspiration.