Frequently-asked questions by tag

penalties

What happens if I buy insurance but it doesn’t meet ACA’s minimum essential benefits standards?

What happens if I buy insurance but it doesn’t meet ACA’s minimum essential benefits standards?

September 23, 2019 – With the exception of short-term health insurance and other non-ACA-regulated plans, all individual health insurance policies sold since… Read more

Although there is no longer a federal tax penalty for being uninsured, some states have created their own penalties with enforcement mechanisms that largely mirror the federal rules that applied through 2018.

Is it true that the government can’t really enforce the penalty for not having health insurance?

September 12, 2019 – Although there is no longer a federal tax penalty for being uninsured, some states have created their own penalties with enforcement… Read more

Is the Obamacare individual mandate just based on the honor system?

Is the Obamacare individual mandate just based on the honor system?

January 19, 2019 – Q. Is the Obamacare individual mandate just based on the honor system? A: In some ways, yes. But although the individual mandate penalty… Read more

If I decline my employer-sponsored plan and try to get a subsidized exchange plan, will the IRS know?

If I decline my employer-sponsored plan and try to get a subsidized exchange plan, will the IRS know?

December 17, 2018 – Q. If I decline by employer-sponsored health plan and apply through the exchange instead - and try to get a premium subsidy - would the… Read more

If I have access to health insurance, can my husband’s company deny me coverage?

If I have access to health insurance, can my husband’s company deny me coverage?

December 15, 2018 – The ACA requires employers with 50 or more workers to offer coverage to employees and their children (until age 26), but not spouses. But… Read more

I know the individual mandate permits a short gap in coverage of less than three months per year. What if I’m uninsured for the last two months of 2017 and first two months of 2018?

How long can I be uninsured before I have to pay the individual mandate penalty?

January 28, 2018 – Q. I know that the individual mandate allows for a gap in coverage as long as it's less than three months in a year. But what if I have… Read more

What happens if I don’t buy ACA-compliant health insurance?

January 18, 2018 – The health reform law includes an individual mandate, requiring every American to have health coverage, with just a few exceptions. It… Read more

Will the IRS apply my payment to my penalty or to my income tax?

If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my income tax?

January 12, 2018 – Q. If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my… Read more