General Discussion
In reply to the discussion: PSA - If you opt out of the ACA next year [View all]BlindTiresias
(1,563 posts)From the site https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/
The fee in 2015
If you dont have coverage in 2015, youll pay the higher of these two amounts:
2% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
$325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.
The fee for not having coverage in 2014
If you didnt have coverage in 2014, youll pay one of these two amounts when you file your 2014 federal tax return:
1% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
$95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.
The fee after 2015
The penalty increases every year. In 2016 its 2.5% of income or $695 per person. After that it's adjusted for inflation.
Relevant portions highlighted. The penalty is going up.