{"id":3148,"date":"2019-10-17T22:18:28","date_gmt":"2019-10-17T22:18:28","guid":{"rendered":"http:\/\/www.www.idahoinsuranceagency.com\/?p=3148"},"modified":"2023-07-20T18:14:37","modified_gmt":"2023-07-20T18:14:37","slug":"obamacare-fines-capped-at-2448-person","status":"publish","type":"post","link":"https:\/\/www.idahoinsuranceagency.com\/obamacare-fines-capped-at-2448-person\/","title":{"rendered":"Obamacare fines capped at $2,448\/person"},"content":{"rendered":"
Federal officials have released new rules regarding increased fines for not carrying health insurance.<\/p>\n
Fines for not buying insurance are capped at $2,448 per person and $12,240 for a family of five. \u00a0The standard rule of thumb is 2% of household income, with a minimum of $325 per person.<\/p>\n
The caps are equal to the national average premium for a bronze-level health plan.<\/p>\n
According to the IRS, those who choose to go uninsured will owe one-twelfth of the annual payment for each month they or their dependents don\u2019t have either coverage or an exemption.<\/p>\n
All fines will be due during tax return season, and wlll be deducted from tax refunds.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Federal officials have released new rules regarding increased fines for not carrying health insurance. Fines for not buying insurance are capped at $2,448 per person and $12,240 for a family of five. \u00a0The standard rule of thumb is 2% of household income, with a minimum of $325 per person. The caps are equal to the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"yoast_head":"\n