I will be uninsured at the end of this month. I just started a new job the end of Feb 2015 and my insurance there will not go into effect until the beginning of June 2015. Will I be penalized for the 2 months that I do not have insurance?


Answer

The only months you are penalized for are FULL months you don't have health insurance or an exemption for. If you get covered during open enrollment or have less than 3 months without coverage then you wont' owe the fee for those months.

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Roy on

This is conflicting information with healthcare.gov – https://www.healthcare.gov/taxes/no-health-coverage/
It says “If you didn’t have health coverage for only 1 or 2 consecutive months of the year, you may not have to pay the fee.”
I was told by healthcare.gov after filing for an exemption that since I was only out of coverage for 3 months, I don’t need an ECN number, and when it came to filing taxes I am being penalized.

ObamaCareFacts.com on

I think the problem is the provision is a bit of a tongue twister (or there was an update i’m not aware of).

We base our information off official documents (but it doesn’t mean we didn’t miss an update somewhere).

Let’s refer to 8965 (the exemptions form) which clearly says Short coverage gap—You went without coverage for less than 3 consecutive months during
the year. https://www.irs.gov/pub/irs-pdf/i8965.pdf

This is often expressed in a way that makes it seem like “3 months”, but it actually has to be “less than”. Now think about this, 2 months and 29 days is less than three months. So you can see how conveying this point simply can be problematic.

Anyway, you just put in CODE B for the less than three months (which can span over the course of 3 months using the above logic).

Sorry if that is confusing, just wanted to over-explain rather than under-explain.

Roy on

Okay, thanks for the clarification. Hopefully folks at healthcare.gov can be updated about this. I just couldn’t get why healthcare.gov told me that I don’t need an ECN number and closed my exemption application.

Chetyl perdue on

We had insurance 10 months in 2016 we have found any we can afford right now. Will we have to pay a penalty for not having insurance.

mel on

I switched jobs twice last year , but had insurance for a solid 9months out of the year, am i safe. i am at my new job now, and just finished the probation period and soon to be eligible for their insurance.

Mary on

Everyone know that insurance on a new job takes effect after 91 days what are you supposed to do to compensate for not having 3 months of insurance?

ObamaCareFacts.com on

Well there is the Republican solution, which is “a small loan from your father”… or there is short term insurance, or in theory there is still get a plan via the exchanges for those months until you get coverage. See: https://obamacarefacts.com/insurance-exchange/short-term-health-insurance/

donald thomas on

what is the penttily for not having insurance

ObamaCareFacts.com on

Here is the information