Healthcare Marketplace (Healthcare.gov): Do I have to pay the $695 penalty?
A simple 2 step guide for solving this common Healthcare Marketplace (Healthcare.gov) problem quickly and effectively by GetHuman
Email address on the account, Password
If you can afford health insurance but don't buy it, you will need to pay a fee called the individual shared responsibility payment. You will need to pay the tax for each month you were without coverage. So in your case you will pay 7/12's of the fee since you missed 7 months of coverage.
They recently published the fees for not having healthcare in 2016 which you can see below. You will pay whichever is higher of the two options below. 1. Percentage of income 2. 2.5% of household income OR Per person $695 per adult $347.50 per child under 18 Maximum: $2,085. Let me know if that helps!
GetHuman-davidh93 years ago
About this Step by Step Guide
After thousands of Healthcare Marketplace (Healthcare.gov) customers came to GetHuman in search of an answer to this problem, along with others, we decide it was high time to publish instructions. Here are just a few examples of the types of questions we were being asked or problems reported by users like you: Healthcare Marketplace (Healthcare.gov): Do I have to pay the $695 penalty?; an marketplace employee error caused insurance cancellation, need to reinstate with no lapse in c...; Need my Password info or security questions changed; My son applied to the Healthcare.gov site and his status "complete" except...it also says "qualif...; I've been trying to retrieve my ****A form online and by mail for over an month and all I've been...; It claims that it is necessary to have a SHOP on my account. Can you please help me???; Paid my first month's premium last night, but worried because I'm still receiving reminders to pay.; All I need is someone to reset the website, but I ...; Need to cancel health insurance effective ********** because I have obtained it through my employer; submitted application, received eligibility letter, but no plans show up when I log into my account... So we put together this guide to try to help. It has 2 step(s) to it. It takes an average of 21 minutes to get through these steps according to other users, including time spent working through each step and contacting Healthcare Marketplace (Healthcare.gov). And we tried to include a checklist of information you'll need when you try to fix this yourself. Best of luck and please let us know if you successfully resolve your issue with this.
Why does GetHuman Write How-to Guides for Healthcare Marketplace (Healthcare.gov) Problems?
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Healthcare Marketplace (Healthcare.gov)
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