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Whether health care coverage qualifies as minimum essential coverage depends largely on the type of coverage it is. [12] Most coverage that people have is considered to be minimum essential coverage. However, coverage providing only limited benefits does not qualify as minimum essential coverage. [12]
Trump succeeded in reducing the penalty for not having health insurance to $0, providing people who didn’t want to purchase health insurance a way to do so without financial penalty.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement" [3]), individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [4] whichever is greater; this will ...
As part of Massachusetts Governor Mitt Romney's health care reform efforts, Chapter 58 of the Acts of 2006 established a system to require individuals, with a few exceptions, to obtain health insurance either through an employer or individual purchase. [9] The penalty for not having insurance is enforced in the calculation of personal income tax.
Getty Images The Patient Protection and Affordable Care Act, better known as Obamacare, has been controversial ever since it was first proposed. One of the most contentious issues over Obamacare ...
Still, Obamacare is not the last word in American health care reform. Since then, there have been two important improvements to Health Reimbursement Arrangements, through which companies pay ...
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related to: is there a fine for not having health care coverage listthpmedicare.org has been visited by 10K+ users in the past month