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You can pay the penalty for not having health insurance when you file your federal income taxes. The penalty amount varies depending on your income and family size.

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5mo ago

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Related Questions

Will I have to pay a penalty for not having health insurance in 2017?

Yes, in 2017, the Affordable Care Act required individuals to have health insurance or pay a penalty, known as the individual mandate.


What happen to having the right to choose your own health care plan in America?

You can choose your own health plan in America, but you have to have a minimum amount of insurance or pay a penalty.


Do you have to have health insurance in 2017?

Yes, in 2017, the Affordable Care Act required most Americans to have health insurance or pay a penalty on their taxes.


How much tax will I pay for Obamacare?

The amount of tax you pay for Obamacare depends on your income and whether you have health insurance. If you do not have health insurance, you may have to pay a penalty called the individual mandate. This penalty is calculated based on your income and can vary. If you have health insurance through the marketplace, you may be eligible for premium tax credits to help lower your costs. It is best to consult with a tax professional for personalized advice.


Am I required by law to have health insurance?

Yes, in the United States, the Affordable Care Act requires most individuals to have health insurance or pay a penalty, known as the individual mandate.


What are the success industries?

Believe it or not, Insurance, be it health/life & annuities, is doing quite well at this time. People don't want to pay the penalty for not having Health insurance. Which, from what I can tell, is going to equal about $187.50/month. So if you can get it now for less than that, you're definitely ahead of the game.


Is having health insurance important?

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.


When does it go in effect that you have to carry medical insurance?

January 1, 2014 is the start date for health reform's requirement that people have health insurance. This applies to U.S. citizens. You can go three months without coverage, and not have to pay the penalty. The law does not allow the IRS to pursue you to pay the penalty; they cannot put a lien on your house, or garnish your wages.


Does an llc have to offer employee benefits?

Businesses that employ 50 or more people must offer health insurance or pay tax penalty


Do congressmen pay for health insurance?

They pay premiums for their health insurance, as do other Federal Employees.


In the Obama health care plan are American's required by law to have health Insurance?

Yes, but Obama has created this as a loophole to please insurance companies while still allowing people to have government health care. The "fine" for not having health insurance (and therefore having government health care instead) is only $300 per year, which is MUCH less than Americans pay for health insurance. It's the same as putting in a $300 a year tax increase to pay for health care, but he didn't call it that to trick the insurance companies into supporting it!! Haha, smart guy!!


What are the benefits of employee health insurance?

The true benefit of employee health insurance is that you usually do not have to pay for the insurance. But, if you do have to pay, it is only a small percentage.