Feds cap fines for not buying health insurance

by Kelli Kennedy

(AP)—Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year under the new health care law.

The caps are $2,448 per person and $12,240 for a family of five. The amount is equal to the national average annual premium for a bronze-level .

The penalty for the first year starts at $95 per person and can rise to as much as 1 percent of annual income. The latest figure limits what the government can charge people using the personal income computation. The penalty is due when people file their 2014 taxes.

Conservative lawmakers and groups that are critical of the Affordable Care Act encouraged consumers to skip buying , arguing it would be cheaper to pay the $95 penalty, but often failed to mention the 1 percent clause.

Related Stories

Tax penalty to hit nearly 6M uninsured people

date Sep 20, 2012

(AP)—Congressional budget analysts are now estimating that nearly 6 million Americans—most of them in the middle class—will have to pay a tax penalty for not getting health insurance once President Barack Obama's health ...

US appeals court deals blow to health law

date Jul 22, 2014

(AP)—President Barack Obama's health care law is snared in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue Tuesday.

Recommended for you

Noise from fireworks threatens young ears

date 22 hours ago

(HealthDay)—The Fourth of July weekend is a time for celebrations and beautiful fireworks displays. But, parents do need to take steps to protect their children's ears from loud fireworks, a hearing expert ...

Many new teen drivers 'crash' in simulated driving task

date 22 hours ago

(HealthDay)—Around four in 10 newly licensed teen drivers "crashed" in a simulated driving test, suggesting that many adolescents lack the skills they need to stay safe on the road, according to a new study.

Insurer Aetna to buy Humana in $35B deal

date Jul 03, 2015

Aetna will spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul.

Feeling impulsive or frustrated? Take a nap

date Jul 03, 2015

Taking a nap may be an effective strategy to counteract impulsive behavior and to boost tolerance for frustration, according to a University of Michigan study.

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.