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Over 40% Of Uninsured Americans Not Aware Of Individual Mandate

07/02/13

  11:57:50 am, by MedBen5   , 128 words,  
Categories: News, Health Plan Management

Over 40% Of Uninsured Americans Not Aware Of Individual Mandate

Talk about your rude awakenings… 43% of uninsured Americans are unaware that they may be required to buy health insurance coverage next year, according to a new Gallup survey.

The Healthwatch Blog reports that awareness of the Affordable Care Act’s individual mandate, which requires most taxpayers to buy insurance or pay a penalty, was lower among uninsured people than the general public.

Conversely, most individuals not directly affected by the mandate already know about it. Of the respondents who have coverage, 86% said they’re familiar with the rule.

The individual mandate becomes effective on January 1, although significant exemptions will be available to those who can’t afford coverage even with help from government subsidies. The penalty in 2014 for failing to comply with the mandate is the greater of $95 or 1% of income.

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