1. Everyone will have to purchase health insurance, or pay a fine. The first year, the fine will be $95 or one percent of income, whichever amount is higher. In 2016, the fine will increase to $695 or 2.5 percent of income. The penalty is half that amount for children under 18.
2. The ACA will provide a new way to buy insurance through a government agency. A large number of people buying health insurance to avoid penalties, mixed with the creation of a new marketplace that may be complex and difficult to understand, spells opportunity for scammers looking to take advantage of people who may not be familiar with the process.
A large number of people buying health insurance to avoid penalties, mixed with the creation of a new marketplace that may be complex and difficult to understand, spells opportunity for scammers looking to take advantage of people who may not be familiar with the process.