The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act - Individuals

Are There Any Exceptions To Having To Get Health Insurance Coverage In 2016?

Individuals will need to carry health insurance beginning in 2014 unless they meet an exception: Exemptions will be granted for: Individuals with income below the tax filing threshold ($9,750 single; $19,500 married filing joint), Individuals whose lowest cost plan option exceeds 8% of household income, those claiming financial hardship or claiming religious objections. Individuals without coverage for less than 3 months and Aliens not lawfully present in the United States or American Indians or Incarcerated individuals.

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