The penalty for noncompliance is a penalty that occurs if you do not have a qualifying health insurance plan. The penalty is a dollar amount or percentage of household income above the filing threshold, whichever is higher. The fee will increase each year, and adjust to the cost of living.
Call Marketplace America for free assistance* from licensed agents. Call us today at (800) 371-6350.
*Agents may be compensated based on enrollment in your health plan by the insurance company.