Do I Have To Buy Health Insurance -

If you reside in the following jurisdictions, you are legally required to maintain health insurance or pay a penalty when filing your taxes:

Generally, penalties are the higher of a flat dollar amount per person or 2.5% of household income. do i have to buy health insurance

At the federal level, the individual mandate—part of the Affordable Care Act (ACA)—technically still exists, but the penalty for non-compliance was reduced to $0 in 2019. This means the Internal Revenue Service (IRS) will not fine you on your federal tax return if you choose to go without coverage. If you reside in the following jurisdictions, you