Curious how much the fine is? Is it a percentage of income?
$900. It can vary. It’s based on how many months of the year you do not have “verifiable” health insurance from an “approved” provider.
* Individuals with incomes up to 150% of the Federal Poverty Level are not subject to any penalty for non-compliance, as those at this income level are not required to pay an enrollee premium for Commonwealth Care health insurance.
* Penalties for individuals with incomes from 150% to 300% of the Federal Poverty Level will be half of the lowest priced Commonwealth Care enrollee premium that could be charged to an individual at the corresponding income level, based on the Connector’s Commonwealth Care enrollee premiums as of January 1, 2010.
* Penalties for individuals with incomes greater than 300% of the Federal Poverty Level will be:
Ages 18-26: half of the lowest priced Commonwealth Choice Young Adult Plan premium; and
Ages 27 and above: half of the lowest priced Commonwealth Choice Bronze premium, based on the Connector’s prices for these plans as of January 1, 2010.
* The Department anticipates issuing an updated penalty schedule for tax year 2011.
* Penalties for married couples who do not comply with the individual mandate rules (with or without children) will equal the sum of individual penalties for each spouse.