IRS withholding penalties for no insurance
Special to the Mountain Advocate
Governor Steve Beshear recently announced that a special enrollment period for the Kentucky Health Benefit Exchange (kynect) will begin March 2 and continue through April 30, to allow citizens unaware of possible tax penalties more time to sign up.
More than 158,000 Kentuckians signed up for health coverage during open enrollment from November 15, 2014 through February 15, 2015.
“We had a tremendously successful second open enrollment period, with many new individuals signing up or continuing their health coverage through kynect,” said Gov. Beshear. “However, we believe that many Kentuckians did not realize those who do not obtain health coverage could face significant penalties when they file their taxes. And given that the personal risks of not having health coverage are even greater than the penalties, we have decided to continue a special enrollment period to allow those individuals more time to sign up.”
The content you are trying to view is available only to subscribers. Please log-in or go to Register to subscribe today!