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Showing posts from May, 2014

$250K fine for lying on health insurance forms

This came out Friday from the administration.  If you intentionally lied to get subsidy you could face $250,000 in IRS fines.  If you just made a mistake with no malicious intent, it could still be a lesser $25,000 fine.  Oh, and if you were less than truthful to avoid buying coverage during the last open enrollment, the fines could still apply. 

The Obama administration Friday spelled out civil fines of up to $250,000 for knowingly and willfully providing false information to get taxpayer-subsidized coverage under the new health care law.
Washington Post Article