4 New Exemptions To The Tax Penalty For Lacking Health Insurance

The new exemptions will mostly apply to penalty payments tied to 2018 taxes and to the previous two years.

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The new exemptions will mostly apply to penalty payments tied to 2018 taxes and to the previous two years.

PeopleImages/Getty Images

There already have been more than a dozen reasons U.S. consumers can use to avoid paying the penalty for not having health insurance. Now the federal government has added four more.

These “hardship exemptions” let people off the hook if they can’t find a marketplace plan that meets not only their coverage needs but also reflects their view if they are opposed to abortion.

Your 2018 Health Plan Must Comply With ACA Rules Or You Risk Tax Penalties

It’s unclear how significant the impact

Article source: https://www.npr.org/sections/health-shots/2018/04/24/605007498/4-new-exemptions-to-the-tax-penalty-for-lacking-health-insurance?utm_medium=RSS&utm_campaign=affordablecareact

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