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Authorized independent agent and licensed in GA 595707 and 153782, AL A221211, AR 394983, AZ 1028006, CA 0104295, FL P009487, IA 7081467, MO 8055643, MS 405036, NC 7081467, NJ 15260 12, NY LB-1177472, SC 380702, TN 930031, TX 1569264 and VA 614046.

 

Disclosure:  Coverages and availability vary by state.  Not all businesses and individuals qualify.  This does not constitute legal, tax or accounting advice or opinion.  Consult with an experienced and properly licensed professional regarding the specific suitability of any planning technique or benefit plan design.   

 

Call 770-645-5989

AMERICAN BENEFIT ADVISORS

 

If you have any questions or need additional assistance

PLEASE CALL 770-645-5989 or submit a help request.  

 

In 2014, the penalty for individuals (for each family member) will be $95 for adults ($47.50 for a child) or 1% of household income, whichever is greater.  

 

In 2015, penalty rises to $325 per adult and $162.50 per child (up to $975 for a family) or 2% of family income, whichever is greater.  

 

In 2016 it jumps to the greater of $695 for adults ($347.50 for a child) or 2.5% of income.    

 

Currently, the maximum family penalty in 2016 is the greater of 2.5% of income or three times the per-adult penalty ($2,085).    

Penalties for Non-Compliance of the ACA