Open enrollment for health insurance on begins on November 1. For coverage beginning January 1, 2018, you must select a policy and pay the first month’s premium by December 15. The 2018 penalty for not having coverage is 2.5% of family income. (Contrary to popular belief, the penalty has not been abolished and is being enforced by IRS.) Contact us if you need assistance determining whether you qualify for a premium subsidy credit based on your income.