Accounting Perspectives

Experts in thefield of accounting shares insights and information of interest to business owners.

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The Individual Shared Responsibility provision of the Affordable Care Act (ACA) or what will it cost me if I do not get health insurance?

The Affordable Care Act (ACA) also known as Obama Care is causing a lot of concerns with individuals who are now required to purchase health insurance by March 31, 2014 or face a penalty. 

I wanted to be ready when clients began to contact me about the penalty. So I started doing my homework. I discovered that there is a lot of confusion regarding the amount of the penalty and how it will be collected.

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  • Anthony M. Mazzo's picture