Would revise the penalty for some years: In 2014, $95 a year or 1 percent household’s income; in 2015, $325 or 2 percent of income; in 2016, $695 or 2.5 percent of income (with a maximum of $2,085 for a family).
Instead of using the poverty threshold to exempt low-income people, the bill would exempt households with incomes below the tax-filing threshold — $9,350 for individuals and $18,700 for couples in 2009.
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However!
There's also cost sharing assistance for purchasing health insurance, outlined here.
no subject
Would revise the penalty for some years: In 2014, $95 a year or 1 percent household’s income; in 2015, $325 or 2 percent of income; in 2016, $695 or 2.5 percent of income (with a maximum of $2,085 for a family).
Instead of using the poverty threshold to exempt low-income people, the bill would exempt households with incomes below the tax-filing threshold — $9,350 for individuals and $18,700 for couples in 2009.
***
However!
There's also cost sharing assistance for purchasing health insurance, outlined here.
eta: people would be eligible for financial aid at up to $88,000 a year for a family of four