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ACA Penalties

Will I still pay penalty be for not buying health insurance in 2018?

  • Yes, the penalty for not having insurance has been repealed for tax years 2019 and later.
  • You may be exempt from a penalty.  Form 8965 "Health Coverage Exemptions" must be filed to claim an exemption.
  • Penalties are calculated on a monthly basis.  If you are only covered for 3 months, penalty for those months will not be assessed.
  • For the 2017 tax year, being filed in 2018, the penalty is the greater of $695 per uninsured adult and $347.50 per child (up to $2,085 for a family) or 2.5% of family income above the filing threshold.
  • For the 2018 tax year, being file in 2019, the penalty is at least $695 per uninsured person or 2.5% of house income over the filing threshold.

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