Thread: Obamacare
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Old 11-10-2015, 11:35 AM   #41
Lamplighter
Person who doesn't update the user title
 
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
Quote:
Originally Posted by henry quirk View Post
As of now: no fine has been levied, and I'm not the habit of worrying about what 'might' happen.
If and when: I'll deal with it then.
Hmmmm.... HQ, you may have to deal with it sooner than you expect - next come the ides of April !

From the ACA website:
Quote:
If you can afford health insurance but choose not to buy it,
you must pay a fee called the individual shared responsibility payment.

You pay the fee when you file your federal tax return for the year you don’t have coverage.

The penalty for 2015 is the higher of these:

* 2% of household income
Maximum:
Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

...OR...

* $325 per adult
* $162.50 per child under 18
Maximum:
$975
... this is only a small portion of all the if/then details

.
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