Here's a very good synopsis of how the penalty works under the new healthcare law. As we enter the last phase of the enrollment, many who have not purchased insurance may still be contemplating whether or not to buy it, or whether they should just pay the penalty. This may help clarify that decision.
Individual Insurance Mandate & Associated Penalty Calculation
There is still a full week left to obtain coverage. I'm busy helping people this week, but you can also go directly to Healthcare.gov or to a local Navigator to obtain coverage.