Ads
related to: obamacare penalty for no insurance
Search results
Results From The WOW.Com Content Network
Obamacare, Affordable Care Act, Health Insurance Reform, Healthcare Reform: Enacted by: the 111th United States Congress: Effective: March 23, 2010; 14 years ago () Most major provisions phased in by January 2014; remaining provisions phased in by 2020; penalty enforcing individual mandate set at $0 starting 2019: Citations; Public law: 111–148
You may have heard that, under Obamacare, everyone is required to have health insurance -- or pay a penalty. This is technically called the individual mandate, but it doesn't apply to everyone.
Shutterstock/nui7711 For millions of Americans, time is running out to get qualifying health-insurance coverage under the Patient Protection and Affordable Care Act, better known as Obamacare.
On June 28, 2012, the Supreme Court of the United States upheld the health insurance mandate as a valid tax within Congress's taxing power in the case National Federation of Independent Business v. Sebelius. The federal tax penalty for violating the mandate was zeroed out by the Tax Cuts and Jobs Act of 2017, starting in 2019.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement" [79]), 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, [80] whichever is greater; this ...
Obamacare is getting closer to full implementation, and many who oppose the provisions have looked at whether they can simply ignore its provisions and keep things the way they are. When it comes ...
Ad
related to: obamacare penalty for no insurance