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The IRS will receive data from the Dept of Health and Human Services (the department charged with administering the ACA) to indicate that a person (or family) has not obtained proper coverage.
When you file your taxes, the IRS will then add the appropriate penalty to your taxes, requiring you to either pay more, or reduce the refund owed you.
Despite common lore, the IRS can most certainly enforce this tax penalty. The specific actions that the IRS is allowed to perform to collect this debt are more limited than for a normal tax debt (i.e. they can't seize property, but they CAN garnish wages), but the IRS nonetheless can collect on it.
What else can I help you with?
Are health insurance benefits taxable under Obamacare?
Health insurance benefits are not taxable under Obamacare.
Can individuals refrain from purchasing health insurance under Obamacare?
No people will have to make sure they purchase healthcare with Obama care. If they do not they will be charged a fee for not doing so. They will be penalized for not being covered.
Did ObamaCare increase the the years of coverage if the child is in college?
Yes. Under the Affordable Care Act (called "ObamaCare" by some), if you have a child, whether in college or not, that child can stay on your health insurance plan until age 26.
Are contraceptives provided for free under Obamacare?
Yes, under the Affordable Care Act (Obamacare), most health insurance plans are required to cover contraceptives at no cost to the individual.
How will people with chronic illnesses be affected under ObamaCare?
Insurance companies will no longer be able to deny coverage to them for having preexisting conditions.
Does the employer or employee pay for health care under obamacare?
Obamacare does not have a specific percentage that employers and workers have to pay. However, an employee cannot pay more than 9.5 percent of his income to join the employer's plan and cover himself. (The amount he pays for family coverage can be higher than 9.5 percent of his income or his household income.)
Will the Amish be required to purchase health insurance under ObamaCare?
No, they will not. In fact, there is a special exemption for their religious beliefs.
Are birth control pills provided for free under the Affordable Care Act (Obamacare)?
Yes, birth control pills are provided for free under the Affordable Care Act (Obamacare) for most individuals with health insurance.
Does ObamaCare apply to Texas?
Yes, ObamaCare, officially known as the Affordable Care Act (ACA), applies to Texas. The ACA is a federal law that governs health insurance coverage across the United States, including Texas. While Texas did not expand Medicaid under the ACA, many of its provisions, such as the health insurance marketplaces and protections for pre-existing conditions, are still in effect for residents of the state. Texans can access health insurance options through the federal marketplace, HealthCare.gov.
Do part time employees get health insurance under ObamaCare?
Obama's health care plan does not require employers to extend health insurance benefits to part-time employees.
Will there be fines for not having health care in the US under Barack Obama?
Obamacare as we know it now will impose a $3,800 tax on a family not covered by health insurance.
Is obamacare free?
Is anything really ever free? In most cases health insurance coverage under ObamaCare will require some level of premium contribution. When purchased through an employer the employee contribution can be no higher than 9.5% of family income for that employee. Dependent coverage may cost more. When purchased through a state exhcange as an individual subsidies help lower the premium costs, but they never reach zero. Families qualifying for Medicaid receive coverage at no premium costs. In states that expanded Medicaid there may be asset recovery at time of death.
