Mark and Charlie's Blog

Blog > Mark and Charlie's Blog > 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

Taboola Teaser

Donald Trump's call on Russia to hack Hillary Clinton's emails has shocked, flabbergasted and appalled lawmakers...
A federal judge has granted John Hinckley, Jr., the man who shot President Ronald Reagan in 1981, full-time...
Bernie Sanders on Monday and Tuesday led an orchestrated attempt by Democratic leaders to pull their party...
The FBI on Monday confirmed they are investigating a hack into the Democratic National Committee, the first...
In officially accepting the Republican nomination for President, Donald Trump vowed to put "America first" and put...