Becker & Associates
|Posted on July 30, 2015 at 1:35 PM|
No Insurance? The penalty for 2015, 2016 and beyond...OUCH!
For those individuals who did not haveinsurance for any number of months during 2015, the penalty will be $325. per adult and $47.50 per child up to $285 for a family OR 2% of the family income, whichever is greater.
Next year it gets higher, for 2016 and beyond the penalty is $695. per adult and $347.50 per child up to $2085. per family OR 2.5% of the family income. This penalty will increase each year with a "cost of Living" adjustment.