What You Need to Know About Opting Out of Obamacare
What Is the Penalty?
The penalty for now isn’t expensive: It’s $95 per person, up to a family maximum of $285, or 1 percent of family income, whichever is the most. But by 2016, that number goes way up to $695 per person and the family max could be $2,085. FYI: If you pay the penalty, you do not have health care and will have to pay 100 percent of all your health-care costs.