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

Footpaths and parks support active school commute

date May 29, 2015

While it probably won't make the idea of attending school more appealing social scientists say different infrastructure and behaviour change programs are key to encouraging young people to take a more active ...

Food barometer measures a population’'s eating habits

date May 29, 2015

A survey by Taylor's-Toulouse University Centre (TTUC) is collecting data on the food habits of individuals and how their choices are related to modernisation and other social factors. Results show that almost ...

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.