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Individuals will need proof of health insurance by December 31, 2007

The recent Massachusetts Health Care Reform Law has imposed new mandatory requirements on individual taxpayers and their health insurance coverage.   

Individuals age 18 and over (with some exceptions) are now required to obtain and maintain health insurance.  If your employer has 11 or more full time employees they are generally required to offer health insurance coverage to their employees. 

If you do not have proof of health insurance coverage by December 31, 2007 you will lose your personal exemption on your Massachusetts individual return for your 2007 filing.  Failure to obtain health insurance in 2008 will result in a fine for each month you do not have coverage. 

If you do not have health insurance coverage, you may obtain coverage through the state.  Please visit www.mahealthconnector.org for a review on policy coverage types.  This should be done as soon as possible to ensure getting coverage by December. 

If you do already have health insurance coverage, you will receive a Form 1099-HC from your insurance provider some time in early 2008.  Please save this form with your important tax papers and include in your tax organizer for your 2007 return.