: Penalties are the higher of $795 per adult ($397.50 per child) or 2.5% of household income.
: Even in states with penalties, you may qualify for hardship or affordability exemptions if insurance costs more than a certain percentage of your income (roughly 8% in many cases).
At the federal level, you are to buy "Obamacare" (Affordable Care Act) health insurance . While the individual mandate technically remains part of the law, the federal tax penalty for not having coverage was reduced to $0 starting in 2019. do i have to buy obamacare insurance
If you reside in one of the following jurisdictions, you may face a state tax penalty if you do not have qualifying health insurance:
: Uses a sliding scale based on income; monthly penalties can range from $23 to $135 per adult . : Penalties are the higher of $795 per adult ($397
The Individual Mandate for Health Insurance Coverage: In Brief
: While individuals generally aren't fined federally, "Applicable Large Employers" (50+ full-time employees) still face federal penalties if they fail to offer affordable coverage. While the individual mandate technically remains part of
: Penalties start at $695 per adult and $347.50 per child , capped at $2,085 for families, or 2.5% of income.