Am I Eligible for an Exemption Under the Affordable Care Act?

By Rosana Garcia

Exemptions_Obamacare_Taxes_PenaltyAs we go deeper into tax season, there is a lot of chatter about penalties for not having health insurance, as the CT Mirror recently reported in their article Six things to know about Obamacare and taxes.

However, there are exemptions to the individual mandate to have health insurance. Under certain circumstances, you will not be penalized for being uninsured in 2014.

Here is a list, pulled from the IRS’ webpage of ACA exemptions  (click the link, as it also gives much more detail of each exemption):

  • Coverage is unaffordable — meaning that the minimum you would have to pay for coverage would be more than 8 percent of your annual income (can only be claimed on tax return)
  • You have a short coverage gap of less than three consecutive months (can only be claimed on tax return)
  • Your gross or household income is below the income tax return filing threshold (can only be claimed on a tax return)
  • General hardship, including: homelessness, eviction, foreclosure, domestic violence, death of a family member, unpaid medical bills (can only be claimed on Access Health CT)
  • Citizens that are living abroad and certain non-citizens (can only be claimed on a tax return)
  • Members of Native American tribes (can be claimed on a tax return or on Access Health CT)
  • Incarcerated individuals (can be claimed on a tax return or on Access Health CT)
  • There are roughly nine more exemption categories — check them out at the IRS’ webpage of ACA exemptions , which also includes info on what to do if you are eligible for an exemption

There are three ways that an exemption can be granted:

  1. Through Access Health CT only
  1. Via a tax return only
  1. Through Access Health CT or claimed on a tax return.

Healthcare.gov also has more information on their page Exemptions from the fee for not having health coverage, with information on how to claim your exemption.

 

This entry was posted in Rosana Garcia and tagged , . Bookmark the permalink.

One Response to Am I Eligible for an Exemption Under the Affordable Care Act?

  1. Pingback: Have coverage through Access Health CT last year? Here’s a tax time tip. | Universal Health Care Foundation of Connecticut

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