Important Info on the Opt Out Penalty
The fee for not having health insurance in 2016
Percentage of income:
[You should be able to start signing up for Obamacare again around Nov 15th 2016; in some cases, you can sign up sooner. Small businesses can also sign up now. Info here.]
Important Info on the Opt Out Penalty:
It's sometimes called the "health insurance penalty," "fine," "individual responsibility payment" or "individual mandate."
If you are required to get health insurance, and you don't have what the government calls "minimum essential coverage," you have to pay the penalty.
See below to learn if you can avoid the penalty: