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
$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.