Having health insurance is very important. It provides a back up plan for those who cannot pay for their medical treatments or surgery. More people should apply for health insurance to help others.
The penalty for not having health insurance for 6 months is typically a fine imposed by the government.
The penalties for not having health insurance include a tax penalty imposed by the government. This penalty is known as the individual mandate penalty and is enforced to encourage people to have health insurance coverage.
The penalty for not having health insurance in 2015 was a fee imposed by the government, known as the individual mandate penalty.
In 2015, the penalty for not having health insurance was either a flat fee or a percentage of your income, whichever was higher.
Buy health insurance. Don't be a taker
Health Insurance, if you can afford it.
The penalty for not having health insurance in 2017 is either 2.5 of your household income or 695 per adult, whichever is higher.
Only 15% of India's total population are having health insurance as on date.
"Some of the advantages of having a health insurance policy are that if one happens to get sick, they will be covered by their medical insurance. If one is not covered the costs for medical care can be detrimental."
The tax penalty for not having health insurance in 2016 was 695 per adult or 2.5 of household income, whichever was higher.
In 2017, the penalty for not having health insurance was either 695 per adult or 2.5 of household income, whichever amount was higher.
The fine for not having health insurance in 2017 was either 2.5 of your household income or 695 per adult, whichever is higher.