Affordable Care Act Individual Mandate






One of Affordable Care Act main goal is reducing the number of uninsured Americans.  In 2000, there were about 38 million Americans without insurance.  With the recession from 2009 to 2010, the number of uninsured American spike to 50 million!

The most controversial part of Affordable Care Act/Obama Care is the “individual mandate”.  For the first time in American history, the federal government is requiring most Americans to have health insurance.  Starting in January 2014, individuals will be required to have health insurance that qualifies as minimum essential coverage or risk paying a tax penalty for every month they are uninsured.

Anyone who doesn’t have medical insurance by March 31 will have to pay a $95 penalty, or 1 percent of their annual income, whichever is greater. And the penalty will rise by 2016, when the penalty will be 2.5 percent of your annual income or $695.