How much do I have to pay if I don't have health insurance?
Since the 2014 enforcement of the Affordable Care Act or Obamacare, all individuals who reside in the United States are required to have active health insurance coverage through a qualified health plan. You will be required to pay a penalty for any time in which you do not have this minimum coverage. This penalty should be paid when you file your federal taxes for the tax year in which you did not have coverage. For the year 2016, the fee is 2.5% of your household income or $695.00 per adult and $347.50 per child under 18 (whichever is higher). The penalty for 2017 is fairly similar with the household income percentage fee of 2.5% remaining the same, while the flat fee will be adjusted for inflation.