The deadline has passed and you dont have health insurance. You need to plan for the assessment of a penalty that is the larger of these two items: • 1 percent of your yearly household income. (Only the amount of income above the tax filing threshold, $10,150 for an individual, is used to calculate the penalty.) The maximum penalty is the national average monthly premium for a bronze plan based on individual factors. • $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285. The penalty increases every year!
Posted on: Tue, 20 May 2014 15:43:10 +0000
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