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Learn about the Affordable Care Act tax penalty.
Previously, the Affordable Care Act put a fee in place for individuals and families who do not have qualifying health coverage for more than three or more consecutive months out of the year. This fee is called the health insurance mandate. The fee was calculated in one of two ways:
However, the tax penalty no longer applies for 2019 health insurance plans.
Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.