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Deadline to Sign Up For Health Insurance Getting Close

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The deadline to sign up for health insurance under the federal affordable care act and avoid paying a penalty next year is approaching.

If you still don’t have health insurance the deadline to obtain coverage for 2015 is April 30th.

People who were not insured in 2014 had to pay a $95 fine, or 1 percent of their salary whichever is greater. The penalty is assessed when you file your taxes.

Next year the tax penalty is $325 or 2 percent of your income.

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