Penalty for No Health Insurance to Rise

doctor-563428_640The penalty for those without health insurance is set to rise in 2016.

The federal penalty for having no health insurance is set to jump to $695, and the Obama administration is being urged to highlight that cold fact to help drive its new pitch for health law sign-ups.

That means the 2016 sign-up season starting Nov. 1 could see penalties become a bigger focus to motivate millions of people who have remained eligible for coverage, but uninsured. They’re said to be more skeptical about the value of health insurance.

Find out more at CBS Money Watch.

Photo courtesy of: DarkoStojanovic

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