What You Should Know About the Individual Shared Responsibility Provision This Year
The individual mandate under the Affordable Care Act requires most people to have health insurance or face a tax penalty, but the penalty was eliminated after 2018. While the mandate remains in law, uninsured individuals in 2019 and beyond won’t face a tax penalty, though this change may lead to fewer people buying coverage and higher premiums. It’s important to note that tax returns filed in 2019 for the 2018 year still include penalties for being uninsured.
