Michigan Affordable Care Penalty
Congress has rescinded the penalty of the Affordable Care Act beginning on January 1, 2019. For those who were uninsured in 2018, they will still have to pay the penalty. The penalty According to the Affordable Care Act, if you do not get health insurance coverage, will be penalized at tax time.
To avoid a penalty for no health insurance, you must have either a valid exemption or you must be enrolled in a qualified health plan.
Exceptions to the Affordable Care Penalty
- If you are uninsured for part of the calendar year, you may still be exempt from a penalty so long as you are uninsured for less than three consecutive months.
- You may also be exempt from a penalty if you are part of a Federally-recognized American-Indian tribe/
- Enrolled in a grandfathered plan.
- Enrolled in a Health Care Sharing Ministry (HCSM).
The Michigan Affordable care fee for not having coverage in 2019:
If you did not have coverage in 2019, there is no penalty.
How do you pay the Michigan healthcare penalty:
You’ll pay the fee on the federal income tax return you file for the year you don’t have coverage. Most people will file their 2018 returns in early 2019. More details on what the tax penalties are can be found No health insurance fee calculator.