The 5 flat rate minimum (which can be up to three times that much if multiple family members are uninsured) will be indexed for inflation each year, starting in 2017.
For higher-income households, the penalty is 2.5 percent of income, which will continue to be the case (you pay whichever penalty is higher—the flat rate, or the percentage of income).
The Special Compensation Fund unit investigates employers that may not have carried workers' compensation insurance coverage for employees.
Results of these mandatory coverage investigations may be referred for civil penalty action.
This is often referred to as "mandatory coverage." Employers are generally defined as those who hire others to perform services.If you don’t have health insurance, you will pay a tax penalty that was phased in starting with the 2014 coverage year (assessed when people filed their taxes in early 2015).The minimum penalty in 2014 was , but the IRS reported that among tax filers who owed the penalty for 2014, the average penalty was about 0.The vast majority of people in this country have health insurance through work or a public plan such as Medicare and Medicaid, and that was already the case prior to 2014 when the individual mandate took effect. citizens and legal residents have been required to have "minimum essential coverage," which includes coverage through your job, a government plan (such as Medicaid, Medicare, Veterans Administration, and the Armed Services), or a health plan you have purchased on your own.The mandate, therefore, targets the portion of Americans who did not have health insurance prior to 2014, and those who have remained uninsured in the ensuing years. But it does not include "excepted benefits" like short-term health insurance, accident supplements, or critical illness plans.