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Open enrollment for individual insurance at Healthcare.gov is scheduled to close at the end of March. So now is a good time for a few reminders regarding the Affordable Care Act.

1.  There is NO penalty being assessed on current tax returns. I am still hearing of people afraid to do their 2013 taxes because they think they will need to pay a penalty. The mandate for individual health insurance begins in 2014. Penalties (also called the individual shared responsibility payment) are scheduled to begin in 2015 when the 2014 taxes are filed.

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