Broker Check

The Individual Mandate

Is The Individual Mandate still in force?

  • Yes, for tax years 2017 and 2018 there is still a penalty for not having insurance.
  • The penalty for not having insurance is repealed for tax years 2019 and later.
  • Unless exempt, everyone must have insurance.
  • IRS released form 8965 - Health Coverage Exemptions - which may be used to claim an exemption
  • Coverage must meet minimum Federal Requirements
  • Both Taxpayers and Dependents must be covered
  • Information returns (Form 1095A, B, and C) are now issued to prove health insurance participation
  • Non-compliance results in penalties for tax years 2017 and 2018

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