Health Insurance Penalty The deadline to enroll in health insurance through open enrollment is on February 15th, meaning you still have some time to sign up for a health insurance policy. If you do not sign up for health insurance during the open enrollment period, you will be left without coverage and will face much steeper fines than in past years. The fine for not having health insurance in 2015 is either 2 percent of your total household income or $325 per adult and $162.50 per child … [Read more...]