Simply and concisely, as I have a hard time getting my mind around these things.
I moved to MA in July and just received an 1099-HC form from my insurance company for tax purposes, and I must admit I was a little surprised that I would have to supply proof of health insurance when filing state taxes.
Specifically I would like to know, what is the bottom line here? What if I lost my job and couldn't afford insurance? Can they actually force you to buy it?
Any clarification would be greatly appreciated. Thank you in advance!