Broker Check

The Individual Mandate

An Overview of The Individual Mandate

  • Unless exempt, everyone must have insurance beginning in 2014
  • IRS released a draft version of form 8965 - Health Coverage Exemptions
  • Coverage must meet minimum Federal Requirements
  • Both Taxpayers and Dependents must be covered
  • New information returns (Form 1095A, B, and C) will be issued to prove health insurance participation
  • Non-compliance results in penalties 

Have A Question?

Thank you! Oops!

Recommended Content

Raise Your Retirement Income

Retirees look for ways to convert savings and investments into regular income. One option to consider is an annuity.

Apps That Help Achieve Goals

If you find it hard to attain personal life goals, there’s an app for that!

16 Wall Street Cliches in 60 Seconds

Pundits say a lot of things about the markets. Let's see if you can keep up.