QUESTION

What’s the penalty if I don’t have coverage in 2018?

Individuals with no coverage | Individual Responsibility Requirement (Individual Mandate)
ANSWER

The penalty for not having coverage in 2018 is the greater of:

  • $695 for each adult and $347.50 for each child, up to $2,085 per family

or

  • 2.5 percent of family income above the federal tax filing threshold, capped at the national average of the lowest cost bronze plan available through the marketplace.

(26 U.S.C. § 5000A (c); IRS, Rev. Proc. 2017-58).

Individuals with no coverage
Individuals with coverage
Coverage for small employers
Post enrollment issues