New IRS Guide Tells You if You Qualify for a Health Coverage Exemption

The Affordable Care Act calls for each individual to have qualifying health insurance coverage, but there are exemptions under the following circumstances:

  • Your annual premiums would be more than 8% of your household income.
  • You have had a gap in coverage for fewer than three consecutive months.
  • You qualify for an exemption for one of several other reasons, including having a hardship that prevents you from getting coverage or belonging to a group that is exempt.

On IRS.gov/ACA, you can find a comprehensive list of the coverage exemptions.

Last Updated 10/21/2020

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