Feds settle on penalty caps for not buying health coverage

The government has placed an upper limit on the penalties Americans will be asked to pay if they fail to purchase health insurance this year, capping the figures at at $2,448 for individuals and $12,240 for a five-member family. The penalty for the initial year begins at $95 for each adult and $47.50 for each child under 18. The Times-Picayune (New Orleans)/The Associated Press (7/24)

Last Updated 01/19/2022

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