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	<title>New answer on: Will I Be Fined If I Don&#8217;t Have Health Insurance?</title>

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		<title>By: BILL HANNA</title>

		<link>https://insurancelibrary.com/health-insurance/will-i-be-fined-if-i-dont-have-health-insurance</link>

		<dc:creator>BILL HANNA</dc:creator>

		<pubDate>Mon, 01 Jun 2015 14:58:41 +0000</pubDate>

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		<description><![CDATA[If you do not have the required/accepted health insurance coverage you will be subject to a penalty. For 2015 the penalty is the higher of either 2% of annual household income or $325 per person over age 18. For 2016 the penalty is the higher of either 2.5% of annual household income or $695 per person over age 18. There are maximum penalties for all methods listed as well as reduced penalties for each person under age 18. Contact a experienced local agent for details...]]></description>

		

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		<title>By: Edward Harris</title>

		<link>https://insurancelibrary.com/health-insurance/will-i-be-fined-if-i-dont-have-health-insurance</link>

		<dc:creator>Edward Harris</dc:creator>

		<pubDate>Fri, 09 May 2014 11:30:50 +0000</pubDate>

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		<description><![CDATA[If you don&#039;t have  the required type of health insurance, there is an Obamacare tax. Here&#039;s an accurate short answer based on my 33 years of experience as a health insurance broker.

The fine is a maximum of 1% of household income or $95 per adult and $47.50 per child. These amounts increase each year.

Do you have the right type of coverage to avoid the tax? Allow an experienced broker to help you find out.]]></description>

		

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		<title>By: Jason Goldenzweig</title>

		<link>https://insurancelibrary.com/health-insurance/will-i-be-fined-if-i-dont-have-health-insurance</link>

		<dc:creator>Jason Goldenzweig</dc:creator>

		<pubDate>Fri, 09 May 2014 05:07:38 +0000</pubDate>

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		<description><![CDATA[Beginning in 2014, under the new affordable care act, everyone will have to have health insurance or pay a penalty (also known as an &quot;individual shared responsibility payment&quot;). If you choose to pay the penalty instead of securing coverage, you will still be responsible for 100% of your medical care. The penalty is calculated in one of two ways (you pay whichever is the higher amount).

In 2014, the penalties will be calculated as:
1) 1% of your yearly household income – featuring a maximum penalty as the national average yearly premium for a bronze plan.
2) $95 per person for the year (If under age 18, then $47.50) – featuring a maximum penalty per family of $285 under this method.

The penalty calculations will change each year. In 2015, method one increases to 2% of your yearly household income and method two increases to $325 per person. In 2016, it will increase again to 2.5% for method one and $695 per person for method two. The penalty methods will be adjusted for inflation in later years.

Please let me know if I can be of further assistance. Thanks very much.]]></description>

		

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