Average Individual Mandate Penalty to Rise 47 Percent to $969 in 2016 for Uninsured People Eligible for ACA Plans

(Source – Kaiser Family Foundation)

A new analysis from the Kaiser Family Foundation finds that among uninsured people who are eligible for an Affordable Care Act marketplace plan, the average penalty for remaining without coverage in 2016 would be $969 per household – 47 percent higher than the 2015 estimated average of $661.

People without insurance who qualify for premium subsidies in ACA marketplaces face an average penalty of $738 per household if they remain uninsured in 2016, while people not eligible for subsidies – who typically have higher incomes – face an estimated average penalty of $1,450. Read more…

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