Oh, and if you don't comply, here are the penalty details:

WASHINGTON, Aug. 27 (UPI) -- The IRS said Tuesday it has set the penalty Americans will have to pay for not getting health insurance under the Affordable Care Act, or Obamacare.

Under the so-called individual mandate, beginning Jan. 14, the charge for not obtaining health insurance will be $95 or 1 percent of household income, whichever is larger, The Hill reported. The penalty will increase to $695 per person, or 2.5 percent of household income, in 2016, the Washington publication said. There will be a cost-of-living formula for future years.

Not everyone without insurance would be hit with the penalty, which the IRS calls a "shared responsibility payment," The Hill said. People who qualify for Medicaid coverage but reside in states that aren't taking part in the law's expanded Medicaid will be exempt, as will those who are temporarily uninsured while between jobs, those opposed to having insurance coverage for religious reasons or members of Indian tribes.

"Today's rules ensure that millions more Americans will be able to get quality health care coverage at an affordable price, that provides health security for their families and bans discrimination against people with pre-existing conditions once and for all," a Treasury Department representative said in a statement received by The Hill.

Supporters say the mandatory participation is necessary to make the system sustainable, while detractors oppose being forced to participate.


Link to Article

I am also trying to find out about this - particularly the costs as my family will be forced to buy their own insurance come October.

There is an estimate calculator that can give you a ballpark of what you're expected to pay, and what your subsidy will be.

http://kff.org/interactive/subsidy-calculator/

Just for an example, a family of four, non-smoking, with two parents who are 35, making a combined income of $75K will pay:

$11,209 per year for insurance under the SILVER plan

Their subsidy could be about $4,084

Which means their premium payment would be $7,125 per year or about $594.00 per month.

This is not counting the out-of-pocket - your out-of-pocket maximum for a Silver plan (not including the premium) can be no more than $12,700.

According to the site, The BRONZE plan - the bottom of the tier plan is noted as costing "about $5,206 per year (which is 6.94% of your household income, after taking into account $4,084 in subsidies). For most people, the Bronze plan represents the minimum level of coverage required under health reform. Although you would pay less in premiums by enrolling in a Bronze plan, you will face higher out-of-pocket costs than if you enrolled in a Silver plan."

Your friends in Washington have put together a video narrated by Charlie Gibson, of the changes we the people, "The YouToons," will be going through in October:

http://youtu.be/JZkk6ueZt-U

The Jersey Journal has a story on this, the Affordable Care Act will be discussed tomorrow from 3:30 to 5:30 in Union City, 4511 New York Avenue.
http://njcitizenaction.org/

The Public Library should have some info too.
Here is a website with simple to understand info
(Atlantic City Public Library)
http://acfpl.libguides.com/affordablecareact

Call the Resident Response Center at 201-547-4900, they will be able to provide you with information where you can get assistance and how to sign up.

Hey all fellow readers, Oct 1st is when the ObamaCare is suppose to start accepting membership. So does anyone have any info? website? literature? Love that our politicians can spend thousands and millions on campaigns but I can't find anything about the specifics for NJ.

Anxiety is building up as the health of not just myself but my entire family is on the question since our employer has issued a notice stating its cheaper to push us to the insurance exchange.