According to the new numbers from the Department of Treasury, 2 to 4 percent of taxpayers will owe a penalty for not having health insurance last year. That’s approximately 3 million to 6 million households. But who has to pay — and what happens if they don’t?
The penalty this tax season is $95 per adult — about half that per child — or 1 percent of household income, whichever amount is higher. The fines will also keep going up. Not having insurance in 2015 will cost $325 per adult or 2.5 percent of household income. In 2016? 2.5 percent or $695 per person and tied to inflation in the years that follow.
For more, listen to the story in the audio player above.
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