24
July
2013

What will happen if I don't have health insurance by January 1, 2014?

Will I go to jail if I don't have health insurance by January 2014?

What will happen if I don't have health insurance by January 1, 2014?

There will be a tax penalty of $95 per person or 1% of taxable income for 2014. That tax penalty will increase in 2015 to $695 per person or 2.5% taxable income and increase again in 2016 basesd on the cost-of-living.

The are exceptions for lower income individuals and families, people who can't afford available coverage, anyone that been without insurance for 3 months or less, Indian tribes and anyone that has religious objection.

Categories: Health Insurance, Health Insurance Questions, Questions

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