15 Fascinating Things You Need to Know About Your Insurance

Obamacare is still in effect

Did you know Obamacare is still the law of the land? Did you know you could still get charged a tax penalty if you don’t have health insurance coverage this year? Six in 10 people surveyed this past spring by Insurancequotes.com didn’t.

While Congress was not successful in repealing or replacing the Affordable Care Act, they did include a provision in last year’s tax bill to eliminate the tax penalty for failure to have coverage. This led some people to think Obamacare had been scrapped. However, the law still stands even if its major enforcement mechanism is being wiped out.

One thing about that tax penalty elimination though: It doesn’t kick in until 2019. That means anyone without coverage this year could still be facing a significant tax bill next April.