<prompt> Human: Is there any financial benefit? This is my first year not being on my moms insurance plan and I bombed at being responsible. If Im right, I would probably pay the 695 penalty 480 extra if I went ahead and got insurance now. Or I could just wait until January, when Ill get health insurance through my school.  <response>: Im assuming you are young. Are you prepared to pay the full cost of a catastrophic health event that could occur, which has a small probability but a large cost? 