Individual shared responsibility provision

The individual shared responsibility provision, less formally known as the individual mandate, was the health insurance mandate imposed on individuals by the Affordable Care Act in the United States until tax year 2019.

Requirements

This individual mandate required most individuals and their families to have a certain minimal amount of health insurance, with certain exemptions.

Penalties

• Otherwise, they were required to pay the individual shared responsibility payment as a fine.
• The corresponding payment is the individual shared responsibility payment.
• It was one of the many Affordable Care Act tax provisions.

Removal of penalty

• The federal tax penalty for violating the mandate was eliminated by the Tax Cuts and Jobs Act of 2017, starting in 2019.

• Need help finding a doctor or specialist anywhere in the world? WikiMD's DocFinder can help with millions of doctors!

This article is a stub. Help WikiMD grow by registering to expand it. Editing is available only to registered and verified users. About WikiMD: A comprehensive, free health & wellness encyclopedia.