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Affordable Health Care: Understanding The Penalty Associated With It

Were you among the part of the US population that was uninsured? Afraid that you may have to pay a penalty? Click here to use the penalty calculator to see if you and/or your family are subjected to a penalty fee or not.
REMEMBER, You DON’T have to pay a penalty if you meet one of the following criteria:

  • You’re covered by your employer
  • You’re covered by the government  (Medicare, Medicaid, CHIP, TRICARE or the VA)
  • You’re a member of a federally recognized Native American Tribe
  • You’re a member of a health care sharing ministry
  • You’re a member of a recognized religious group that objects to ALL types of insurance for religious reasons
  • You’re considered an Illegal or Undocumented Immigrant
  • You’re currently or were in prison for the tax year you are filing even if you are being held awaiting trial


You may qualify for a hardship exemption if you meet one of the following criteria or experienced one of the scenarios listed below for the tax year you are filing:

  • Homelessness
  • Eviction or Foreclose
  • Disaster such as a fire or flood
  • Recieved a a shut off notice for your electricity, water or other utility service
  • Death of a close family member
  • Domestic Violence Victim
  • Loss health insurance and was unable to find affordable coverage
  • High debt from medical bills
  • High expenses for caring for a sick, disabled or aging family member.
  • Your income is below the income tax filing threshold

You could also qualify for an exemption if you had a short gap in coverage during the year, that lasted no more than three months

Keep in mind that these are not the only hardships that may qualify you for an exemption. The government makes a decision based upon specific information on each application.

Make sure your tax preparer informs you of your options.

Have questions? Contact us today to schedule an appointment.


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