The Individual Shared Responsibility Payment is the fee for not having Minimum Essential Coverage. Follow our guide to make calculating your payment easy. UPDATE 2019: For 2019 forward there is no fee for not having health insurance in most states. In this sense, the Individual Shared Responsibility Provision has been effectively repealed as the federal… Read More
A List of States With Mandates: State-based Health Insurance Requirement and Fee for 2022 Here is a list of states where you have to buy health insurance for 2022. Although the fee for not having health insurance has been reduced to $0 on a federal level since 2019, some states still have an individual mandate…. Read More
The Trump administration may no longer enforce the Individaul mandate, meaning the IRS may not enforce the fee for not having health coverage.
Starting in 2015, employers who don’t offer qualifying coverage, will make a Employer Shared Responsibility Payment. Get simplified instructions on the fee below. This page covers employer responsibility under the ACA and the payment. For more details see Employer Mandate. What is Shared Responsibility? Shared Responsibility is part of the ACA’s Title I. Subtitle F—Shared Responsibility for… Read More
ObamaCare’s Individual Mandate: What is the Tax Penalty for Not Having Health Insurance? ObamaCare’s individual mandate had required most Americans obtain and maintain health insurance, or an exemption, each month or pay a tax penalty. However, the fee has been reduced to $0 on a federal level starting in 2019. That said, some states have… Read More
What Does ObamaCare Cost? Below we look at what ObamaCare costs individuals and families, what ObamaCare costs taxpayers, and what ObamaCare costs in terms of government spending. FACT: The Affordable Care Act (ObamaCare) lowers costs based on income. Plans costs less than $100 a month for the majority of Americans who qualify for assistance each… Read More
For plans held in 2018 you may need to file both the 8962 and 8965 forms in 2019 for healthcare related taxes. 8962 is for tax credits, and 8965 is for exemptions from the fee.
The White House just released a 100 page report on ObamaCare (the Affordable Care Act). Below are some key facts and the full report.
Get the facts on vaccines. Should we vaccinate our children, should I get the flu shot, what are the risks, pros, cons, and myths? We uncover the truth. FACT: The flu vaccination and other vaccinations are covered at no out-of-pocket cost on all major medical plans under the Affordable Care Act (ObamaCare). That means if you… Read More
The following is a summary of every provision in the Patient Protection and Affordable Care Act HR3590. Most of what you need to know about the PPACA is contained in title I – Quality, Affordable Health Care For All Americans. Title I contains almost all of the new benefits, rights, and protections, rules for employers,… Read More
Qualifying for Coverage Outside of Open Enrollment A special enrollment period is a period outside of open enrollment in which you can get coverage due to qualifying life events. You may qualify for special enrollment if you have certain “qualifying life events” like a change in family status (having a baby, getting married, adoption, etc), losing… Read More
When is Open Enrollment for ObamaCare, Medicaid, Medicare, and Other Insurance Types? Open enrollment is the annual period in which shoppers can enroll, switch plans, and get subsidies on health plans under the Affordable Care Act (ObamaCare). In general, open enrollment starts each year on November 1st and ends on January 15th. However, open enrollment may be extended… Read More
Separating the ObamaCare Facts from the ObamaCare Myths We fact-check a number of myths about ObamaCare (the Affordable Care Act). ObamaCare or Affordable Care Act (ACA) is riddled with myths. These range from premium increases to the idea you can get put in jail for not paying the fee. They include the idea that “ObamaCare”… Read More
Everything You Need to Know About the Koch Brothers Get the Facts on the Koch Brothers and public programs like ObamaCare. The Koch Brothers lead the anti-ObamaCare message and champion free-market and a Conservative Libertarian ideology. The Kochs own the second largest privately owned company in the United States, Koch Industries. Koch Brother Politics Facts… Read More
ObamaCare and Appeals – Everything You Need to Know About Expanded Appeal Rights Under the Affordable Care Act The Affordable Care Act (ObamaCare) expanded health insurance appeal rights. Under the ACA it easy to appeal any health insurer or marketplace decision. Specifically, you have the right to an internal and external appeal of any decision… Read More
The ACA and Its Ongoing Legal Battles The Patient Protection and Affordable Care Act, commonly known as the ACA, has been a cornerstone of American healthcare policy for over a decade. Its significance? It aimed to make health care more accessible and affordable for millions of Americans. While the Court did uphold the ACA in… Read More
Our ObamaCare 2022 Guide: Everything You Need to Know About ObamaCare Subsidies, Rates, Dates, Enrollment, and More We cover everything you need to know about ObamaCare in 2022 including information on enrollment, assistance, benefits, plan types, and more. In this article, we’ll cover what you need to know for 2022 coverage purchased during open enrollment 2022 (Nov 1,… Read More
The fee for not having coverage as been reduced to $0 on a federal level starting in 2019, but the side effect of that is less people obtained coverage and there is less revue to offset healthcare spending.
There are a few taxes related to ObamaCare that require the attention of most tax paying Americans. Below we review the most important tax tips for 2019. In a nutshell, you’ll likely want to: Have your 1095 form filed on your behalf (by your insurer, employer, or the Marketplace) on hand. Get Form 8962, Premium Tax Credit (PTC) Get Form 8965,… Read More
Below is a list of archived pages that are important to the site: ObamaCare Basics ObamaCare News: Daily ObamaCare Updates ObamaCare: Everything You Need to Know About the ACA ObamaCare What is ObamaCare? ObamaCare Facts ObamaCare Summary How Does ObamaCare Work? How Will ObamaCare Affect Me? Health Insurance Exchange ObamaCare Individual Mandate Minimum Essential… Read More
The Individual Mandate‘s fee has been reduced to $0 at a federal level starting in 2019. However, some states have their own individual mandate and fee. Sometimes you will hear that “the fee has been repealed,” or that “the mandate has been repealed,” or even that “ObamaCare has been repealed.” None of that is technically… Read More
A universal healthcare initiative to the people was filed in Washington State on January 23, 2018. If supporters are able to gather valid voter signatures by July 6th, 2018 (about 260,000) I-1600 will appear on the 2018 general election ballot in November. I-1600 Brief Summary of Parts I, II, III Part I creates a new… Read More
U.S. tax payers who live in counties with one or less insurer offering 2018 health plans will be able to apply for a hardship exemption from the mandate to get coverage or pay a fee.
Everyone who files taxes will have to address health coverage questions. Meanwhile those with HSAs, medical deductions, or ACA credits will have some extra forms to fill out. Don’t forget to file. The deadline for filing taxes is April 15th unless you file for an extension.
The Individual Mandate Fee for 2018: Not Having Health Insurance in 2018 The fee for not having health insurance under the Affordable Care Act is unchanged from 2016. It is a flat fee of $695 per adult and $347.50 per child (up to $2,085 for a family), or 2.5% of household income (whichever is greater). “For 2016 the annual fee… Read More