Here are five points:
1. The open enrollment deadline is fast approaching on Jan. 31, 2016.
2. This year’s fine for failure to buy coverage reaches $695 or 2.5 percent of taxable income.
3. The Kaiser Family Foundation estimated the 2016 average fine will be $969 per household.
4. The Obama administration raised the penalty to incent young healthy Americans to enter the insurance pool, which will keep premiums down across the board.
5. Juggling multiple jobs and paying back college loans, some Millennials can’t afford health insurance, despite the invoked penalty.
More articles on coding, billing & collections:
Some people choose healthcare penalties over health insurance — 4 things to know
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Medi-Cal enrollment exceeds initial estimates — 4 highlights
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