The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act

Penalty For Not Having Coverage

In 2016, the penalty for not having health care coverage is the higher of 2.5 percent of your income or $695 per adult and $347.50 per child with a maximum penalty per family of $2,085 The penalty will be reported on your 2016 tax return. In 2015, the penalty for not having health care coverage is the higher of 2 percent of your income or $325 per adult and $162.50 per child with a maximum penalty per family of $975. The penalty will be reported on your 2015 tax return. The penalty for not having health care coverage in 2014 was the higher of 1 percent of your income or $95 per adult and $47.50 per child with a maximum penalty per family of $285.

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