What Tax Penalties Do You Face If You Are Uninsured for Health Coverage?


Quick Answer

The penalty for not maintaining health coverage varies each year, as indicated on HealthCare.gov. Individuals who do not have health care coverage in 2015 must pay the higher of 2 percent of the household's yearly income above the tax filing threshold, or a flat fee per person.

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Full Answer

In 2015, the flat rate per person over the age of 18 is $325, and the figure for individuals under the age of 18 is $162.50 per person, explains Healthcare.gov. The maximum penalty is $975 for a family using this method.

Individuals without health care coverage in 2014 were penalized by having to pay the higher of the following: 1 percent of the household income above the tax filing threshold, or $95 per person over 18, and $47.50 per person under 18 years old, notes Healthcare.gov. The per-family maximum penalty for 2014 was $285.

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