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The Individual mandate tax was $695 per individual or $2,085 per family at a minimum, reaching as high as 2.5% of household income (whichever was higher). The tax was set to $0 beginning in 2019. The tax was set to $0 beginning in 2019.
Starting January 2014, individuals and their families must have at least minimum essential coverage. [ 1 ] [ 9 ] Individuals may be exempt from health insurance coverage in some cases: The minimum amount that they must pay for annual premiums is more than eight percent of their household income.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement" [79]), individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [80] whichever is greater; this ...
Obamacare is getting closer to full implementation, and many who oppose the provisions have looked at whether they can simply ignore its provisions and keep things the way they are. When it comes ...
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement"), [28] individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [29] whichever is greater; this ...
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