Tag Archives: Health Insurance Coverage Exemption

Do You Qualify for a Health Insurance Coverage Exemption?

Do You Qualify for a Health Insurance Coverage Exemption? By Howard LipsetThe Affordable Care Act (ACA) calls for individuals to have qualifying health insurance coverage for each month of the year, have an exemption, or make a shared responsibility payment (this is the penalty tax) when filing his or her federal income tax return.

You may be exempt from the requirement to maintain qualifying health insurance coverage, called minimum essential coverage, and may not have to make a shared responsibility payment when you file your next federal income tax return.

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