Calculate 2018 Penalty No Health Insurance

The 2018 penalty for not having health insurance is a financial penalty imposed by the Affordable Care Act (ACA) on individuals who are not enrolled in qualifying health coverage during the open enrollment period. This penalty applies to individuals who are not exempt from the requirement to have health insurance.

What is the 2018 Penalty?

The penalty is calculated as a percentage of the national average premium for a bronze-level health insurance plan. For 2018, the penalty was $695 per adult and $347.50 per child under the age of 18. The penalty is applied to each individual who is not enrolled in qualifying health coverage.

Important Note

The penalty for 2018 was the last year that the penalty was applied. Starting in 2019, the penalty was increased to $1,095 per adult and $547.50 per child under the age of 18. The penalty is applied to each individual who is not enrolled in qualifying health coverage.

How to Calculate the 2018 Penalty

The penalty for not having health insurance in 2018 is calculated based on the number of individuals in your household who are not enrolled in qualifying health coverage. The penalty is applied to each individual who is not enrolled in qualifying health coverage.

Formula

Penalty = (Number of Adults × $695) + (Number of Children × $347.50)

For example, if you have two adults and one child who are not enrolled in qualifying health coverage, the penalty would be calculated as follows:

Example Calculation

Penalty = (2 × $695) + (1 × $347.50) = $1,390 + $347.50 = $1,737.50

Penalty Amounts

The penalty for not having health insurance in 2018 is as follows:

$695 per adult
$347.50 per child under the age of 18

The penalty is applied to each individual who is not enrolled in qualifying health coverage. The penalty is applied to the individual's tax return and is subject to income-based adjustments.

How to Avoid the Penalty

There are several ways to avoid the penalty for not having health insurance in 2018:

Enroll in qualifying health coverage during the open enrollment period
Qualify for an exemption from the requirement to have health insurance
Pay the penalty and file an amended tax return

Enrolling in qualifying health coverage during the open enrollment period is the most common way to avoid the penalty. Qualifying health coverage includes health insurance plans offered through the Health Insurance Marketplace, employer-sponsored health insurance, and certain types of Medicare.

FAQ

What is the penalty for not having health insurance in 2018?

The penalty for not having health insurance in 2018 is $695 per adult and $347.50 per child under the age of 18. The penalty is applied to each individual who is not enrolled in qualifying health coverage.

How is the penalty calculated?

The penalty is calculated based on the number of individuals in your household who are not enrolled in qualifying health coverage. The penalty is applied to each individual who is not enrolled in qualifying health coverage.

Can I avoid the penalty?

Yes, you can avoid the penalty by enrolling in qualifying health coverage during the open enrollment period or by qualifying for an exemption from the requirement to have health insurance.