April 14, 2014
With the Obama administration pushing for young people to “get covered” and the high cost of medical care otherwise, getting health insurance may seem like a no-brainer. However, if you’re young and healthy, getting insured might not pay off.
The only significant threat is the first option, as three in four Americans received a refund check last year. Reminder letters may be a nuisance, but that’s about it. As for suing you, the IRS would have to ask the Department of Justice to do so, which, as Texas Tech law professor Bryan Camp told Yahoo! Finance, “if it’s such a small amount, it’s unlikely the government would sue for the same very practical reasons you wouldn’t sue someone for $25.”