RESOURCES / HEALTHCARE REFORM
ACA Penalty Information
In 2015, the penalty is the greater of $325 for each adult and $162.50 for each child, up to $975 per family or 2% of family income above the federal tax filing threshold.
In 2016, the penalty is the greater of $695 for each adult and $347.50 for each child, up to $2,085 per family or 2.5% of family income above the federal tax filing threshold.
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In later years, the flat penalty amounts for 2016 will be indexed based on the cost of living.
In all years, the penalty is also capped at an amount equal to the national average premium for the median cost bronze health plan available through the Marketplace.
The penalty is assessed based on “coverage months.” This means that each month you are uninsured, you may owe 1/12th of the annual penalty. However, short spells of uninsurance may not be subject to a penalty.