Do I Have To Buy: Obamacare Insurance

: Uses a sliding scale based on income; monthly penalties can range from $23 to $135 per adult .

The Individual Mandate for Health Insurance Coverage: In Brief

: Penalties are approximately $950 per adult and $475 per child , or 2.5% of household income above the filing threshold, whichever is higher. do i have to buy obamacare insurance

: Penalties start at $695 per adult and $347.50 per child , capped at $2,085 for families, or 2.5% of income.

However, your requirement to have insurance depends entirely on your location, as several states have established their own mandates and financial penalties. States with Insurance Mandates in 2026 : Uses a sliding scale based on income;

: While individuals generally aren't fined federally, "Applicable Large Employers" (50+ full-time employees) still face federal penalties if they fail to offer affordable coverage.

: Matches New Jersey's formula with a $695 per adult minimum or 2.5% of income. However, your requirement to have insurance depends entirely

If you reside in one of the following jurisdictions, you may face a state tax penalty if you do not have qualifying health insurance: