DENVER (AP) — Colorado is two-thirds toward its goal for health insurance enrollments this year. But the state is warning that folks who don’t have coverage by Sunday face a steep fine.
The federal health care law mandates that adults without health insurance pay a fine. The fine was $95 for not having insurance in 2014. But the fine goes up dramatically this year. The fine is $325 per adult or 2 percent of annual income, whichever is higher.
Open enrollment ends Sunday.
People aren’t required to shop through government health insurance exchanges. But they’re the only places shoppers can get government subsidies on coverage.
As of last Monday, Colorado reported 128,000 enrollments in 2015. About three-fourths of those are returning customers, with about a fourth being new customers.
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