Austin's Morning News

Blog > Austin's Morning News > Health Law's 'Uninsurance' Fine Capped At $2,448 For Individuals

Health Law's 'Uninsurance' Fine Capped At $2,448 For Individuals

The cap for a family of five is set at $12,240 -- an amount equal to the national average annual premium cost of a bronze level plan.  

The Hill: Uninsured Face Fine of Nearly $2,500
The Internal Revenue Service said Thursday individuals who fail to get health insurance this year will be fined a maximum of $2,448 and families with five or more members can be fined up to $12,240. Under the Affordable Care Act’s individual mandate, people are either required to obtain health insurance or risk a tax penalty from the IRS (Al-Faruque, 7/24).

Read more: http://www.kaiserhealthnews.org/Daily-Reports/2014/July/25/individual-mandate-fees.aspx

Austin's Morning News

Responding to a recent measles outbreak in California, Austin’s largest private clinic system says that starting...
A committee of the Austin school board will start talks this summer about changing names of schools named after...
This is the young Swedish woman who sued her former Wall Street executive boss over lurid allegations of sexual...
They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But...
The Supreme Court is refusing to allow Texas to enforce restrictions that would force 10 abortion clinics to close...