Some Important Information everyone should know The individual - TopicsExpress

Some Important Information everyone should know The individual shared responsibility payment If you can afford health insurance but choose not to buy it, you must pay a fee known as the individual shared responsibility payment. The fee in 2014 is 1% of your yearly income or $95 per person for the year, whichever is higher. The fee increases every year. In 2016 its 2.5% of income or $695 per person, whichever is higher. If youre paying under the $95 per person method, in 2014 the payment for uninsured children is $47.50 per child. The most a family would have to pay under this method in 2014 is $285. You make the payment when you file your 2014 taxes, which are due in April 2015.

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