AFFORDABLE CARE ACT

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AFFORDABLE CARE ACT

Monthly penalty for failure to maintain minimum essential coverage:

 

a) Flat Dollar Amount (per individual)

  • 2014 - $95
  • 2015 - $325
  • 2016 - $695
  • 2017 - $695

or

b) Percentage of Income

  • 2014 -  1.0%
  • 2015 -  2.0%
  • 2016 -  2.5%
  • 2017 -  2.5%
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