The provisions of the Patient Protection and Affordable Care Act (PPACA) — sometimes referred to as Obamacare — have been phasing in for a few years now.
The biggest provision affecting consumers, though, is the requirement to purchase individual health insurance. That mandate doesn’t kick in until 2014.
But guess what? 2014 is just around the corner.
If you don’t have health insurance coverage in 2014, you will have to pay a fine, unless you qualify for an exception. Before 2014 arrives, it’s a good idea to understand how all of this works.