The Golden State will join Massachusetts, New Jersey, Rhode Island, Vermont and Washington, D.C., in requiring their residents to have health coverage and dinging those without it. (Photo: Shutterstock)
Californians, be warned: A new state law could make you liable for a hefty tax penalty if you do not have health insurance next year and beyond.
But some of you need not worry: The law contains several exemptions that will allow certain people to avoid the penalty, among them prisoners, low-income residents and those living abroad.
"It will be really important that people get clear guidance and instruction to make sure they don't inadvertently pay a penalty when they are eligible for an exemption," says Laurel Lucia, director of the Health Care Program at the University of California-Berkeley's Center for Labor Research and Education.
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