When one penalty is enough
Millions of Americans may be in for a shock when they file tax returns and learn they have to pay a fine for failing to enroll in health insurance in 2014 and an even bigger fine for failing to enroll in 2015 before the enrollment period ended on Feb. 15.
While there is nothing they can do to avoid the 2014 fine, which must be paid this year, they could avoid the 2015 fine, payable next year, if the Obama administration allowed them more time to enroll.