If you could afford health insurance in 2018 but did not purchase coverage, you will likely have to pay a penalty amounting to either 2.5 percent of your yearly household income or $695 per person ($347.50 per child under 18), whichever is greater.
Individuals subject to this penalty pay the larger of the two amounts. The greater of: $695 per adult and half of that amount per child (up to a maximum of $2,085)
The Obamacare Health Insurance Penalty for No Coverage has been in effect for 2014, 2015, 2016,. What are my options for complying with Obamacare?
While you can still choose not to purchase health insurance, that decision may come at a. No tax filing requirementâ€”having an income below the Internal Revenue. consecutive months, you will not be charged a fee for the uninsured time.
There will be no tax penalty for not having health insurance in 2019. Though there will be no financial penalty, it is risky to opt out of coverage. An accident, injury .
What is the fine? The penalty for not having health insurance in 2018 is $695 per person or 2.5% of your household income, whichever is greater. Health .