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Did you know that having health insurance when you can afford it is the law? If you can afford health insurance, but choose not to get it for 2016, you may be required to pay a fee — sometimes called the "penalty," "fine," or "individual mandate" — when you file your 2016 federal income taxes.
The good news is, affordable coverage through the Health Insurance Marketplace® is available. After financial help, 7 out of 10 people can find plans with premiums of less than $75 dollars per month. If you enroll by December 15, 2015, your coverage will start January 1, 2016.
Here are 5 quick facts about the fee for not having health coverage when you can afford it: