Final rules issued for individual shared responsibility mandate

August 29, 2013
Final rules issued for individual shared responsibility mandate
Starting 2014, the individual shared responsibility provision of the Affordable Care Act, which calls for each individual to have basic health insurance coverage, will be implemented, according to a statement from the U.S. Department of the Treasury.

(HealthDay)—Starting 2014, the individual shared responsibility provision of the Affordable Care Act, which calls for each individual to have basic health insurance coverage, will be implemented, according to a statement from the U.S. Department of the Treasury.

Despite calls for a delay in the individual mandate to 2015, the Obama administration has issued final regulations on the individual shared responsibility provision. Starting in 2014, most Americans will be required to have health insurance, and will have to be reported on the 2015 tax returns. An individual who chooses not to carry insurance will have to pay a fine of $95 or 1 percent of income above a certain threshold (whichever is larger). In 2016 and beyond, the fine increases to $695 per person or 2.5 percent of taxable annual income.

Nine categories of individuals are exempt from the shared responsibility payment. These include individuals who cannot afford coverage; taxpayers with income below the threshold required to file an income tax return; and those who have suffered hardship. Other individuals who are exempt include people with certain and members of Indian tribes. There will be no penalty for those who lack insurance coverage for less than three months in a given year.

In a statement posted on the Treasury website, the agency said that "the individual responsibility provision is integral to delivering the Affordable Care Act's consumer protections at an affordable cost."

Explore further: Premiums expected to be about 20 percent lower in 2014

More information: More Information

Related Stories

Premiums expected to be about 20 percent lower in 2014

July 23, 2013
(HealthDay)—Premiums in the Health Insurance Marketplace are likely to be about 20 percent lower than anticipated in 2014, according to a report published by the U.S. Department of Health and Human Services (HHS).

Premiums for public health insurance affect coverage

February 8, 2013
Requiring individuals to pay a premium for public health insurance coverage can counteract the coverage effects of expanding eligibility for public health insurance programs to higher income families.

White House delays key element of health care law

July 3, 2013
President Barack Obama's health care law, hailed as his most significant legislative achievement, seems to be losing much of its sweep.

'Pragmatic' Obamacare delay a victory for business lobby, expert says

July 8, 2013
The Obama administration's decision to delay a key healthcare reform provision requiring large employers to pay a penalty if they don't offer health insurance is a big victory for the business community, says attorney and ...

New survey of young adults: 7.8 million gained new or better coverage through Affordable Care Act

August 21, 2013
An estimated 7.8 million of the 15 million young adults who were enrolled in a parent's health plan last year likely would not have been eligible for this coverage without the health reform law's dependent coverage provision, ...

Final rule in notice of benefit, payment parameters issued

March 16, 2013
(HealthDay)—The final rule of the Department of Health and Human Services (HHS) Notice of Benefit and Payment Parameters for 2014, which expands on existing standards, has been released.

Recommended for you

Hormone therapy in the menopause transition did not increase stroke risk

November 24, 2017
Postmenopausal hormone therapy is not associated with increased risk of stroke, provided that it is started early, according to a report from Karolinska Institutet published in the journal PLOS Medicine.

When traveling on public transport, you may want to cover your ears

November 22, 2017
The noise levels commuters are exposed to while using public transport or while biking, could induce hearing loss if experienced repeatedly and over long periods of time, according to a study published in the open access ...

Different types of alcohol elicit different emotional responses

November 22, 2017
Different types of alcohol elicit different emotional responses, but spirits are most frequently associated with feelings of aggression, suggests research published in the online journal BMJ Open.

Air pollution linked to poorer quality sperm

November 22, 2017
Air pollution, particularly levels of fine particulate matter (PM2.5), is associated with poorer quality sperm, suggests research published online in Occupational & Environmental Medicine.

Sunrise and sunset guide daily activities of city-dwellers

November 21, 2017
Despite artificial lightning and social conventions, the dynamics of daylight still influence the daily activities of people living in modern, urban environments, according to new research published in PLOS Computational ...

Older men need more protein to maintain muscles

November 21, 2017
The amount of protein recommended by international guidelines is not sufficient to maintain muscle size and strength in older men, according to a new study.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

GoodImp
not rated yet Aug 29, 2013
There can only be hope Congress will defund and eventually rid us the monstrosity that will do so much damage to our economy.

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.