Created on Tuesday, 01 October 2013 03:36
Tax Checkup - Married (With Children)
It’s important to remember that even if you do not have to pay the fee, you will have to pay for your health care out of your pocket. It may be better financially for you if you purchase coverage through your state’s health care marketplace. Also, to qualify for the exceptions, you will have to apply through your state’s health care marketplace. It’s easy to apply and learn what help you might be able to get – visit healthcare.gov now.
What is your yearly income?
Health Care Coverage Through CHIP
If your plan doesn’t cover your children or the coverage is unaffordable for you, your children may qualify for coverage under your state’s Children’s Health Program, a lower-cost option for working families. For more information, visit insurekidsnow.gov
Special Circumstances: Do any of these apply to you?
What if I choose to pay the penalty?
In 2014 the fee for uninsured people is $95 per adult, and the fee for children is $47.50 per child. The most a family would have to pay in 2014 is $285. This will increase each year, from 1% of your household income in 2014 to 2.5% of your household income in 2016.
It’s important to remember that if you pay the fee, you will still have to pay for your health care out of your pocket. It may be better financially for you to purchase coverage through your state’s health care marketplace.