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I had No Ins. Most of 2015, What is My Penalty?

No Insurance?  The penalty for 2015, 2016 and beyond...OUCH!


For those individuals who did not haveinsurance for any number of months during 2015, the penalty will be $325. per adult and $47.50 per child up to $285 for a family OR 2% of the family income, whichever is greater.

Next year it gets higher, for 2016 and beyond the penalty is $695. per adult and $347.50 per child up to $2085. per family OR 2.5% of the family income.  This penalty will increase each year with a "cost of Living" adjustment.

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