Beginning Jan. 1, 2014, individuals not covered by a qualified health insurance plan in excess of three consecutive months (and without an approved exemption) will be required to pay a “fee” known as the Individual Shared Responsibility Payment.

For tax year 2015, the Individual Shared Responsibility Payment will be increasing substantially.  The fee increase to the greater of – 2% of your household income over the filing threshold

or

$325 per person

DON’T DELAY YOUR ENROLLMENT!

2016 is expected to be the greater of 2.5% of income or $695 per person. It is expected to increase annually thereafter with inflation.