ACA – The fee for not having coverage in 2015
September 29th, 2015
If you don’t have coverage in 2015, you’ll pay the higher of these two amounts:
- 2% of your yearly household income.(Only the amount of income above the tax filing threshold, about $10,150 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a Bronze plan.
- $325 per person for the year ($162.50 per child under 18).The maximum penalty per family using this method is $975.
See the full article on HealthCare.gov or click on this link…