Dana Farrell’s car insurance is due. So is her homeowner’s insurance — plus her property taxes.
It’s also time to re-up her health coverage. But that’s where Farrell, a 54-year-old former social worker, is drawing the line.
“I’ve been retired two years and my savings is gone. I’m at my wit’s end,” says the Murrieta, Calif., resident.
So Farrell plans — reluctantly — to drop her health coverage next year because the Affordable Care Act tax penalty for not having insurance is going away.
