In 2014, you must have health insurance coverage or pay a tax penalty.
Starting in 2014, every* American or legal resident will have to get health insurance coverage. If you don't, you will pay a tax penalty at the end of the year. How much? In 2014, you could pay $95 per uninsured person in your family up to $285 for the family. But by 2016, you might end up paying around $700 per uninsured person.
* Except for those with religious reasons, exemptions or those who can't find affordable health insurance.
Many people will qualify for subsidies, or tax credits on their insurance premiums. Use our chart or our online premium assistance tool to see if you may qualify.
Household size is the number of people living in your house.
Household income is the total income each of your family members makes in a year. If you make $40,000 and your spouse makes $20,000 in a household of 2, then your household income range is $60,000.
|Household Size||Household Income Range|
|1||$11,490 - $45,960|
|2||$15,510 - $62,040|
|3||$19,530 - $78,120|
|4||$23,550 - $94,200|
|5||$27,570 - $110,280|
|6||$31,590 - $126,360|
|7||$35,610 - $142,440|
|8||$39,630 - $158,520|
|Each additional person||+ $4,020 - $16,080|
To shop on the Marketplace you will need:
You can shop on the Marketplace at www.healthcare.gov from Oct. 1, 2013 through March 31, 2014.
The marketplace is not the only place for you to buy insurance. You can also apply for and purchase insurance through an insurance agent.