Understanding the 2015
Health Insurance Penalty
Health insurance penalty scheme launched by the United States
government or which is mostly known as Obamacare penalty has become hot issues
for long time in the country. Along with the increase of the penalty fee in
2015, more people feel that instead of helping the US people, the Obamacare
penalty is burdening. Is it true? Get to understand about this 2015 health insurance penalty in this article before you decide
what to do about this matter.
What is Health Insurance
Penalty Actually?
Health insurance penalty is a policy in health field launched
under President Obama government to give regulations about the compulsory of US
citizens to have health insurance. That is why this health insurance penalty
also called as Obamacare penalty. This regulation covers the rules and
calculation that requires people to pay the penalty if they refuse to have
health insurance. All the schemes that arrange the penalty along with its
calculation are listed on Affordable Care Act or ACA. According to Obama government,
this ACA is for the sake of US citizen. This idea comes due to the fact that
there are still many people in United State who don’t have health insurance
while the cost of treatments in hospitals keeps increasing from time to time.
Not only this Obamacare will help people to get medical treatments paid by
insurance payment, but it can also help people with low income to enjoy medical
treatments too under Obamacare regulations.
Get to Know the Payment
for Health Insurance in 2015
The 2015 health insurance penalty becomes hot topic that trigs national debates following the
increase of the fee payment. If we look back to the year of 2014, people should
pay $ 95 for the penalty fee. It was about 1 % of US citizen average income.
But in the year of 2015, people have to pay higher cost of penalty that reaches
$ 325 under the flat rate. It is about 2 % of US citizen average income. For
more detail, those who don’t have health insurance have to pay $ 325 per adult.
Meanwhile, the tax penalty for children reaches $ 162.50. The maximum payment
for health insurance penalty in 2015 reaches $ 975. Or in the other words, just
say you are an adult with $ 50.000 payment per year, then you have to pay $ 794
for the penalty fee according to the calculation of Tax Policy Center
regulation.
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