Wednesday, December 30, 2015

2015 Health Insurance Penalty

The 2015 health insurance penalty  for persons not covered by health insurance  has increased significantly. When the health insurance  penalty  rolled out in TY 2014,  it  was $95 per person or 1% or their income.  The  penalty  for TY 2015 $325 per person or 2 percent of their income.  Persons eligible  for one of the  many exclusions may required to apply for a certificate from the state or federal marketplace and present the certification when preparing  TY 2015 return.