re: #278 Gus 802

I am self employed. Will I be required to purchase a health insurance plan? Due to a devastating recession I am finding it hard to make ends meet even on a month to month basis. How can I possibly afford this given that it may add an additional $400 a month burden to my budget?

What are the penalties for not purchasing health insurance on the self employed? Does this include IRS sanctions which may include regressive penalties and interest that are difficult enough to deal with in a robust economy and even worse in the present economic disaster we face today.

Read…

Sec. 401. Tax on individuals without acceptable health care coverage.