The Shared Responsibility Payment For 2018

The penalty for not having health insurance in 2018 is expected to be $695 per adult and $347.50 per child (up to $2,085 for a family), or it’s 2.5% of your household income above the tax return filing threshold for your filing status – whichever is greater.

You’ll pay 1/12 of the total fee for each full month in which a family member went without coverage or an exemption.

The payment has stayed the same since 2016. The fee for 2018 has not been published yet, but you should expect that the fee would not increase this year. It may either stay the same or increase each year moving forward.

TIP: The Individual Shared Responsibility Payment is the fee for not having Minimum Essential Coverage. See individual mandate (the unofficial name of Shared Responsibility) page for details on the fee and lots of details, tips, and tricks about Individual Shared Responsibility.