Tax Reform 2018 – ACA Individual Mandate
The individual mandate was a key provision of the Affordable Care Act that required non-exempt U.S. citizens and non-citizens who reside in the country to have health insurance.
Consumers who did not qualify for an exemption and chose not to purchase insurance faced a range of tax penalties, depending on income.
New Rule (Effective January 1, 2018)
The individual mandate is done!!!
Starting Jan. 1, 2019, consumers who do not purchase health insurance will no longer face penalties.
GOP lawmakers argue that the measure will decrease spending on the tax subsidies it offers to balance out the cost of premiums for millions of Obamacare enrollees.