Call No Insurance Equals Penalty
The penalty for noncompliance is a penalty that occurs if you do not have a qualifying health insurance plan. The penalty is a dollar amount or percentage of household income above the filing threshold, whichever is higher. The fee will increase each year, and adjust to the cost of living.
| Year | Penalty will be the more expensive of the two amounts below |
|---|---|
| 2014 | Greater of $95 per uninsured person or 1% of household income up to $285 |
| 2015 | Greater of $325 per uninsured person or 2 percent of household income up to $975 |
| 2016+ | Greater of $695 per uninsured person or 2.5 percent of household income up to $2,085 |
In 2017 the penalties will be increased equal to the cost-of-living adjustment. For families, there is a cap on the flat dollar amount of 300 percent (but not the percentage of income), and the overall penalty is capped at the national average premium of a bronze level plan purchases through an exchange. For individuals under 18 years old, the per person penalty is half of the penalties listed above.