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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).