Will I Be Penalized for a Coverage Gap?
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I Just enrolled for insurance through the affordable care act. I was dropped from my health insurance I had through my dad when I turned 26 in September. I know I will be penalized for not having insurance the last 3 months of 2014. I am wondering if the 2% i’ll be penalized is 2% of my annual income for each month or if it is 2% of each months income.