re: #7 HoosierHoops

Damn..Another Fox distortion…Why?
For weeks they have been saying the penalty for not having healthcare is 95 dollars..Big whoop.. Except the law reads 95 dollars or 1% of your taxable income for the year. Wait! Unless you live within the poverty level you will be paying thousands for not having insurance. I know this may be a foreign concept Fox..But be fair and balanced once..

Always go to the official source for this kind of information (Hint: NOT Fox):

Questions and Answers on the Individual Shared Responsibility Provision

That link has a link to a PDF Final Rules.

1.5000A-0 is the section about essential coverage and penalties (and probably more than you care to know).
Scroll down to 1.5000A-4 Computation of shared responsibility payment. (Pages 17 and 18)