Having the health insurance might be really helpful for some people in this world. Some people agree that they have to have the health insurance which will be able to cover all of the medical payment that they have to pay for the doctor or hospital when they are hospitalized. However, most people also disagree to have the health insurance. They think that it is like a harsh to spend the money with no give back directly. They even disagree with the high payment for health insurance. What is the fine for not having health insurance ?
What Is The Fine For Not Having Health Insurance ?
Many people always ask about what is the fine for not having health insurance? And who need to pay for that fine? It is like the tax or penalties that people need to pay as the fine for not having the health insurance. Then, The fine has to be paid by someone who can afford the health insurance but they don’t want to join the insurance.
There are two ways to calculate about the fine that you have to pay. First, it depends on your family income. You have to pay the fine for around 2,5 percent of the total of your family income. Then, the second ways to calculate the payment is by counting the family member inside your house. The adult person is $695 per each and the child is $347,50 for each. You have to count all of the member in your family and you will get the amount of money that you have to pay.
What is the fine for not having health insurance exemption?
There are some kinds of exemptions related to what is fine for not having health insurance. People may not to pay the fee or fine if they are qualified in the exemptions below. First, people don’t need to pay for the fine if the cost of the coverage is more than 8,13 percent of the household income. People don’t need to pay and transfer the tax if the coverage payment is more than that. Second, if you are the one who has not to fill the form for the tax because of the less income, you don’t need to pay for the fine of not having the health insurance too.
Third, the native America which is eligible for the health services don’t need to pay for this fine. Then, how if the people is not in this country? Well, the one who has a plan for a year trip in abroad, they don’t need to pay for the fine for a year. Then, someone in prison is also free to pay for the fine. Then, the one who are qualified for some serious problem such as bankruptcy, homelessness and even eviction are allowed to pay free for the fine.
So, if you think that you are categorized for this exemption, you can ask for the government to give the free tax and fine for you and your family.