• Skip to primary navigation
  • Skip to content
  • 1-800-960-1371
  • Agent Login
  • Quoting Tools
    • Life
    • Senior
  • Free Marketing Guide
  • Blog

AgentLink

With AgentLink, you have easy access to the carriers you want and the tools and resources you need to offer the best to your clients.

  • Products
    • Life
      • Info
      • Products
      • Life Tools
      • AML Training
      • Quoting Tool
    • Senior
      • Info
      • Products
      • Certifications
      • Compliance
      • Quoting Tool
    • Benefits
      • Info
      • Products
      • Our Process
      • Large Group Form
      • Enrollment Tool
    • See our Concierge Services
  • Tools
  • Resources
    • National General
    • Insurance Marketing
    • Sales for the Sr. Market & Beyond
    • Medicare
    • Group Compliance
  • About
  • Contact Us
  •  1-800-960-1371
  • Agent Login
  • Life Quoting Tool
  • Senior Quoting Tool
  • Marketing Guide
  • Blog
Previous
Next

July 29, 2014

IRS sets max fines for health coverage refusal

It’s official: if you make a quarter of a million bucks a year and decide not to pay for health insurance, you’re going to have to fork over $2,448 to the feds.

The Internal Revenue Service finally released its maximum fines for those who choose to go without health insurance. Under terms of the Patient Protection and Affordable Care Act, fines were included for those who decided not to have coverage as an incentive to get more folks to purchase coverage.

The maximum family penalty issued by the IRS was $12,240 for a five-member family. That’s five times $2,448, in case you wondered.

Most Americans who may have been on the fence about getting coverage under the act won’t get dinged too hard. For individuals earning more than $19,650, the fine is one percent of annual income. For those making between $10,150 and $19,650,  it’s a flat fee of $95. For those earning less than $10,150, there’s no penalty.

The penalty is due when people file 2014 taxes.

Filed Under: Healthcare Reform News, News and Updates

Previous Post: « Some states implement HSAs for Medicaid expansion
Next Post: Medicare trustees’ report finds ‘cautious optimism’ »

You might also enjoy...

Health Care ChangesStaying Aware of Health Care Legislation Changes

We’ve made it our aim to keep our agents– and anyone who follows our updates– informed about the many changes to health care legislation this year. We are so committed to this, we have even retained a health care reform attorney at AgentLink. We want you […]

Read More
We Had Fun at Our Company Picnic!

Every year at AgentLink we host an event to gather all our team members together for some casual fun. This year, for the first time, we expanded the event and had a huge picnic that included all our family members. We had 85 people join us […]

Read More

Don’t forget to browse the free tools and resources we offer our agents and prospects, including our popular online quoting tools

Download the Digital Marketing Guide


Go to Resources

Get Contracted Now

Contract with us, to get appointed with your desired carriers

Please enter your email address below  to stay up-to-date with changes in the industry.

  • This field is for validation purposes and should be left unchanged.

Copyright © 2019 · Showcase Pro on Genesis Framework · WordPress · Log in

  • About
  • Contact
  • Careers
  • Life
  • Senior
  • Benefits
  • Concierge Services

Agent Login

Resources

Tools

Free Marketing Guide

1-800-960-1371

AgentLink Kentucky Office
2001 Lake Point Way, PO Box 23570
Louisville, KY 40223
Toll Free: 800.960.1371
Direct: 502.245.1371
Fax: 502.245.0978

AgentLink Indiana Office
3077 East 98th Street, Suite 135
Indianapolis, IN 46280
Toll Free: 866.462.9067
Direct: 317.569.8490
Fax: 317.569.8705

Copyright © 2018 AgentLink. All Rights Reserved.
Website Design and Digital Marketing by The Marketing Squad

  • Senior Products
  • Quoting Tool
  • Get Contracted
  • Brittney: 502-245-1371
  • Life Products
  • Quoting Tool
  • Get Contracted
  • Scott: (502) 245-1371