As a matter of fact, the IRS recently announced that they would be rejecting any tax returns that neglected to affirm/or deny that the taxpayer had health coverage for the year. This has been previously rumored to be a way to avoid the penalty, and a possible way the Trump administration would undermine the Individual Mandate.
The fee for not having health insurance in 2018
The fee is calculated 2 different ways – as a percentage of your household income, and per person. You’ll pay whichever is higher.
Percentage of income
- 2.5% of household income
- Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace
- $695 per adult
- $347.50 per child under 18
- Maximum: $2,085
However, the fee is prorated and the average penalty is around $200.
Additionally, there is no penalty if you have had ACA compliant coverage for 10 months. This means you can purchase a less expensive short term plan to cover you for November and December with no penalty.