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Through the 2018 plan year, most people must have qualifying health coverage or pay a fee (sometimes called the mandate, Shared Responsibility Payment, or penalty ) for the months they don't have insurance. But if you qualify for a health coverage exemption you don't need to pay the fee.

A penalty for not having health insurance still applies in some places. The federal individual mandate penalty was eliminated at the end of 2018. Vermont enacted a mandate that takes effect in 2020, but there is no penalty for non-compliance.

A hardship exemption is an event that prevents an individual from obtaining health insurance. This approved exception prevents the person from paying a penalty for not having health insurance during the hardship period.

Starting with Jan. 1, 2019, there is no penalty for not having health insurance. You won't need to qualify for an exemption to not pay a penalty when you pay your federal taxes. However, some states still require you to be enrolled in health insurance coverage.

The penalty for not having health insurance in 2018 is the greater of $695 or 2.5 percent of household income. ... The federal guidance about the new exemptions was released April 9, shortly before the end of the income tax filing season.

Income and affordability If your income is so low that you aren't required to file a tax return, then you're automatically exempt from the penalty. For example, if a single taxpayer's income in 2018 is less than $12,000, there typically was no need to file a return; for married couples, the cutoff is $24,000.

Income and affordability If your income is so low that you aren't required to file a tax return, then you're automatically exempt from the penalty. For example, if a single taxpayer's income in 2018 is less than $12,000, there typically was no need to file a return; for married couples, the cutoff is $24,000.

The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an exemption, or make a shared responsibility payment when filing his or her federal income tax return.

The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an exemption, or make a shared responsibility payment when filing his or her federal income tax return.

Now that the individual mandate has been repealed there is no federal tax penalty for forgoing coverage from 2019 on. While there is no tax penalty at the federal level, some states have penalties of their own.

For 2016 through 2018, the law set the penalty at $695 per adult and $347.50 per child, up to a maximum of $2,085 for a family or 2.5 percent of income, whichever is greater. Penalties are to rise with inflation. For 2019 and beyond the penalty will no longer be assessed.

The tax bill doesn't eliminate the penalty until 2019. That means that those who forgo health insurance for 2018 could still face a penalty. The penalty for not having health insurance this year is $695 per adult or 2.5 percent of household income, whichever is greater.

IRS Form 8965, Health Coverage Exemptions, is the form you file to claim an exemption to waive the penalty for not having minimum health insurance coverage. If you have coverage through your employer, buy insurance through a Marketplace or use private insurance, you do not need to file Form 8965.

Form 8965 is used to claim a coverage exemption either granted by the Marketplace (also called the "Exchange") or a coverage exemption for which you are eligible.