If you can afford health insurance but don’t have coverage in 2017, you may have to pay a fee in addition to all of your health care costs.
The fee for 2017 is the same as it was for 2016. Not having health coverage is calculated one of two ways. If you or your dependents don’t have insurance that qualifies as minimum essential coverage you'll pay either a percentage of your household income or a flat fee -- whichever is higher.
To avoid the fee in 2017 you need insurance that qualifies as minimum essential coverage. If you're covered by any of the following, you're considered covered and don't have to pay a penalty:
Other plans may also qualify. Give us a call to help to determine if you have the right coverage.
This is a summary of certain aspects of the Affordable Care Act, current as of October 20, 2016. You can view the original source for this summary at https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/ or contact us for a printed copy.