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So, you are not from sunny California? That is ok, we've got you covered. You can qualify for Obamacare in all 50 states!
The penalty in 2014 is calculated one of 2 ways. You’ll pay whichever of these amounts is higher:
The fee increases every year. In 2015 it’s 2% of income or $325 per person. In 2016 and later years it’s 2.5% of income or $695 per person. After that it is adjusted for inflation.
If you’re uninsured for just part of the year, 1/12 of the yearly penalty applies to each month you’re uninsured. If you’re uninsured for less than 3 months, you don’t have a make a payment.
Learn more about the individual responsibility payment from the Internal Revenue Service.
more details on HealthCare.gov
* Open Enrollment Starts 11/1/16 *
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