Did you know that health insurance is no longer mandatory at the federal level? While not having health insurance can save you money, it puts you at great financial risk if any injury were to occur or illness develop. This is because health insurance is what pays for the treatment of such injuries and illnesses.

But, wait, is it required anywhere?

Yes. Health insurance is not required in every state, but there are a few exceptions:

• California
• District of Columbia (Washington D.C.)
• Massachusetts
• New Jersey
• Rhode Island
• Vermont

Financial Beginnings is a national 501(c)(3) nonprofit that empowers youth and adults to take control of their financial futures. Their educational programs incorporate all aspects of personal finance to give individuals the foundation they need to make informed financial decisions. Financial Beginnings reaches more than 200 K-12 schools and colleges and more than 100 community-based organizations annually, serving all groups with special focus on populations most in need. For more information, visit www.financialbeginnings.org.