48% of Americans Are In The Dark About Affordable Care Act Penalties

According to a new Turbo Tax health survey conducted by Harris Poll:

• 62% of uninsured Americans are aware that they will be required to be pay a penalty.
• 87% do not realize that the deadline to avoid the tax penalty for 2014 has passed.
• 56% of those without health insurance are also unaware that uninsured individuals who meet certain criteria may qualify for an exemption from the Affordable Care Act tax penalty.
• 45% of Americans are not aware there are discounts called premium tax credits designed to make health insurance less expensive for low-to-moderate income families.

Note: Survey was conducted online within the United States by Harris Poll on behalf of TurboTax from November 6-10 among 2,022 adults age 18+ and November 13-17, 2014, among 2,014 adults ages 18+.


Source: Turbo Tax Health Survey (Harris Poll)