Finally, there’s coverage under government-sponsored programs. Depending on your age, disability status, income level, military service, or other factors, you may qualify for an insurance policy at a reduced cost through the government. Examples of coverage under government-sponsored programs include...
If you qualify for an exemption, you can have non-MEC coverage—or no coverage at all. Among the situations that could get you an exemption: your income is so low that you aren't required to file a tax return you can't find insurance that's cheaper than 8% of your i...
For tax years prior to 2019, if you don't have minimum essential coverage and don't qualify for an exemption, you might have to pay the penalty when you file your income taxes. The official name for the penalty is the "individual shared responsibility payment." How much you have to p...
Medicare, funded by the federal government, primarily offers health coverage to individuals aged 65 and older as well as certain younger people with disabilities, regardless of income [3]. The Affordable Care Act (ACA) expanded Medicaid eligibility to include all US residents with incomes up to ...