Obamacare Enrolment Extension Sought To Avoid Tax Penalty

Following the end of the Affordable Care Act's (ACA's) open enrollment period for 2015 on February 15, Democrat lawmakers have urged the US Administration to grant a special enrollment period for individuals paying a shared responsibility payment – or tax penalty – for 2014.  The ACA's provisions give tax incentives to individuals to offset health care expenses, but they also impose penalties, administered through the tax code on their tax returns each year, on individuals who do not obtain "minimum essential" health care coverage for themselves or their families. Read More