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You're exempt if the lowest-priced coverage available to you would cost more than 8.13% of your household income. You're exempt if you were uninsured for no mo
by jonhendry18 8y ago
You're exempt if the lowest-priced coverage available to you would cost more than 8.13% of your household income.
You're exempt if you were uninsured for no more than two consecutive months during the year.
You're exempt if you're a U.S. citizen living abroad.
You're exempt if you're incarcerated.
You're exempt if you can demonstrate that you experienced a hardship during the year.
Etc
- wu-ikkyu 8y agoI'm not exempt. What laudable goal could there be for such a fine?
- jonhendry18 8y agoIt's dealing with the free-rider problem. The system would work best with as many people participating as possible, and you don't want people waiting until they get sick to get insurance, since under the ACA they would receive coverage for conditions that arose prior to being insured.
- wu-ikkyu 8y agoIf it's been more than 2 months and you get sick you can't just automatically sign up and be covered. You have to wait until January 1rst of the next year for your coverage to start.