What Are the Penalties for Not Having Health Insurance?

If you didn’t have insurance in 2014, and you didn’t qualify for one of the exemptions (See “Who must enroll? What if I don’t?”), you will have to pay a penalty when you file your taxes at the end of the year. The penalties increase each year.

For 2014, you will pay either $95 per adult and $47.50 per child, or 1 percent of your family income, whichever is greater.

In 2015, the fines begin at $325 per adult and $162.50 per child, or 2 percent of your family income, whichever is greater. 

In 2016, the fines increase to as much as $695 per adult and $347 per child, or 2.5 percent of family income, whichever is greater.

After 2016, the penalties will be adjusted based on inflation.

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Last Updated On

November 06, 2014

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