Due to a conflict between the date that the Internal Revenue Service (IRS) said individuals must have health insurance or face a tax penalty and the date that the Marketplaces will cease selling coverage, the administration has pushed back the penalty date by six weeks.
Both dates have now been set at March 31, 2014, so individuals who have not signed up for health insurance by that date would be subject to a $95 annual fine or 1 percent of income, whichever is greater. For families, the fine would be $285 or 1 percent. Both the sums and percentages would rise every year thereafter.