No Result
View All Result
  • Login
Sunday, September 20, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Markets

These 5 States Still Penalize You if You Don’t Have Health Insurance

by FeeOnlyNews.com
6 months ago
in Markets
Reading Time: 3 mins read
A A
0
These 5 States Still Penalize You if You Don’t Have Health Insurance
Share on FacebookShare on TwitterShare on LInkedIn


Millions of Americans may have decided to forgo health insurance this year after extra COVID-era federal subsidies expired, but those who live in certain places may be paying penalties for that choice.

While the federal government stopped penalizing Americans without health insurance in 2019, four states and Washington, DC still do. The penalties, usually paid when state tax returns are filed, are designed to encourage healthy people to buy insurance to help keep costs down for everyone.

These fines sometimes are called a “shared responsibility payment” on the idea it’s everyone’s responsibility to make health coverage available, affordable, and accessible – even if you can’t find affordable health care for yourself. The only ways to avoid the fines are to get an exemption or buy health insurance.

“The penalties can be pretty steep,” said Kiersten DeFluri, Medicare specialist at Daniel A. White & Associates.

Where Are There Individual Shared Responsibility Payments?

Americans in California, Massachusetts, New Jersey, Rhode Island, and Washington, DC still face penalties for not having health insurance.

How Much Are the Penalties?

The fines vary by jurisdiction, but they are generally either a flat fee per person or a percentage of income, whichever is higher, but capped at what the lowest level health plan would cost.

California: Californians who didn’t have coverage for themselves and their dependents for each month in 2025 and aren’t exempt will pay $950 per adult or more and $475 per dependent child, or 2.5% of their gross income over the filing threshold for their filing status. It’s whichever is higher, according to California’s Franchise Tax Board. The penalty for a married couple without coverage can be $1,900 or more, and the penalty for a family of four with two dependent children could be $2,850 or more, it said.

Massachusetts: Massachusetts levies income-based penalties, with caps based on the 2025 lowest-cost ConnectorCare plan or the lowest-cost individual bronze premium from the Affordable Care Act’s marketplace.

New Jersey: New Jersey charges an amount based on income and family size and is capped at the statewide average annual premium for bronze health plans in New Jersey. The minimum penalty for one adult is $695 up to a maximum $4,908 per month depending on income, according to the state’s website.

Rhode Island: Rhode Islanders who didn’t have insurance last year will pay a flat fee of $57.92 per month per adult and $28.96 per kid under 18 or 2.5% of modified adjusted gross income that exceeds the state’s filing threshold, whichever is more. The total amount can’t exceed the average monthly $357 cost of a bronze level health plan from the ACA exchange.

Washington, DC: Washington, DC taxes each adult $795 per month and $397.50 for each child, up to $2,385 per family or 2.5% of family income that is over the federal tax filing threshold, whichever is greater. Total payments are capped at the bronze plan premium rate.

Are the Penalties Still Less Than a Health Insurance Plan?

Since the penalties are supposed to discourage people from going without health insurance, they generally won’t save you much, if any, money, experts said.

Assume an adult in New Jersey would pay the flat monthly minimum penalty of $695, DeFluri said. Bronze plans in Jersey City, New Jersey can run between $350 and $1,400 per month, with “a good plan around $800 per month,” she said.

It may make sense to pay for at least catastrophic or bronze level health insurance or maybe add $100 more than what you would pay in a penalty for good insurance, she said.

Plus, the cost of “a doctor’s visit plus the penalty is probably more than very basic health insurance,” said Miklos Ringbauer, founder of MiklosCPA Inc. in Southern California.

How Can People Avoid Penalties?

To avoid penalties, people who live in these states and DC can see if they qualify for an exemption or buy a minimum health insurance plan to satisfy the requirement.

Exemptions generally include financial hardship, inability to afford insurance (when basic plan premiums exceed a set percentage of household income), short coverage gaps usually of three months or less or income below tax filing thresholds.

If you need to buy health insurance, Ringbauer said to check for state subsidies that can help lower insurance prices. More than 20 states have a state exchange that may help fill the gap left when additional federal subsidies expired.

“These states’ exchanges are strong enough right now” financially to offer subsidies this year, he said.

Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.

This article originally appeared on USA TODAY: These 5 states still penalize you if you don’t have health insurance

Reporting by Medora Lee, USA TODAY / USA TODAY

USA TODAY Network via Reuters Connect



Source link

Tags: DontHealthInsurancePenalizeStates
ShareTweetShare
Previous Post

Dharmesh Shah advises buying on dips, sees favourable risk-reward ahead

Next Post

Rupee hits historic low, slips past 92.62 vs USD as Middle East tensions keep energy worries in focus

Related Posts

All signs are pointing to the total and imminent collapse of the United States housing market.

All signs are pointing to the total and imminent collapse of the United States housing market.

by FeeOnlyNews.com
August 7, 2026
0

All signs are pointing to the total and imminent collapse of the United States housing market.What is about to happen...

Cities holding up to 3 million people found under Amazon rain forest

Cities holding up to 3 million people found under Amazon rain forest

by FeeOnlyNews.com
August 7, 2026
0

Archaeologists have officially discovered a massive, completely lost ancient civilization hidden deep beneath the Amazon rainforest using advanced LiDAR laser...

nLIGHT Releases Q2 2026 Financial Results

nLIGHT Releases Q2 2026 Financial Results

by FeeOnlyNews.com
August 7, 2026
0

AlphaStreet Newsdesk powered by AlphaStreet Intelligence LASR|EPS $0.15 vs $0.14 est (+7.1%)|Rev $82.6M|Net Loss $1.3M Q2 2026 non-GAAP earnings at...

The  Burrito Debate Reveals GOP’s Affordability Rift

The $20 Burrito Debate Reveals GOP’s Affordability Rift

by FeeOnlyNews.com
August 7, 2026
0

Sometimes a burrito isn’t just a burrito. What started as a complaint about a $20 burrito has turned into one...

Doximity shares double. Here’s what’s driving it 

Doximity shares double. Here’s what’s driving it 

by FeeOnlyNews.com
August 7, 2026
0

Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021.Source: NYSEShares of medical platform...

E.W. Scripps Q2 2026 Loss Widens to -.68/Share, Revenue Down 9%

E.W. Scripps Q2 2026 Loss Widens to -$12.68/Share, Revenue Down 9%

by FeeOnlyNews.com
August 7, 2026
0

AlphaStreet Newsdesk powered by AlphaStreet Intelligence SSP|Loss Per Share $12.68 vs -$0.40 est (-3070.0%)|Rev $490.4M|Net Loss $1.15B Stock $2.95 (+2.8%)...

Next Post
Rupee hits historic low, slips past 92.62 vs USD as Middle East tensions keep energy worries in focus

Rupee hits historic low, slips past 92.62 vs USD as Middle East tensions keep energy worries in focus

White Hydrogen Market Insights and Emerging Opportunities

White Hydrogen Market Insights and Emerging Opportunities

  • Trending
  • Comments
  • Latest
Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

August 7, 2026
MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

July 3, 2026
Delek Logistics Partners Reports alt=

Delek Logistics Partners Reports $0.54 EPS for Q2 FY26

August 5, 2026
Onkure Therapeutics Releases Q2 2026 Financial Results

Onkure Therapeutics Releases Q2 2026 Financial Results

August 4, 2026
Thryv outlines M run-rate savings while revising 2026 SaaS adjusted EBITDA to M-M (NASDAQ:THRY)

Thryv outlines $60M run-rate savings while revising 2026 SaaS adjusted EBITDA to $42M-$44M (NASDAQ:THRY)

August 4, 2026
My Thoughts on Going All In

My Thoughts on Going All In

August 4, 2026
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

0
Cities holding up to 3 million people found under Amazon rain forest

Cities holding up to 3 million people found under Amazon rain forest

0
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

0
Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

0
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

0
Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

0
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

August 8, 2026
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

August 8, 2026
Vanguard Chief Economist: AI and jobs, still in an ATM phase

Vanguard Chief Economist: AI and jobs, still in an ATM phase

August 8, 2026
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

August 8, 2026
Democrats’ Affordability Message Misses a Key Expense—Student Debt

Democrats’ Affordability Message Misses a Key Expense—Student Debt

August 8, 2026
Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

August 8, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031
  • Republican Party Displacement | Mises Institute
  • Vanguard Chief Economist: AI and jobs, still in an ATM phase
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.