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Marketplace America Health Insurance - 3 Easy Steps to Becoming Insured

Most people are looking for a way to save money on healthcare and this is your perfect opportunity to do just that.  We are here to provide you with excellent service and ensure that you are presented with the best healthcare package for you as an individual or you and your family.  With the socio-economic change we have packages for you regardless to your marital status, we can accommodate you.

Marketplace America has a wide range of service provisions for both single, married and senior individuals.

Click here to begin the process.

The fee for not having health insurance in 2016

The fee is calculated 2 different ways – as a percentage of your household income, and per person. You’ll pay whichever is higher.

Get financial assistance for health insurance. See if you qualify!

Percentage of income

  • 2.5% of household income
  • Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

Per person

  • $695 per adult
  • $347.50 per child under 18
  • Maximum: $2,085

Paying the fee

  • Using the percentage method, only the part of your household income that’s above the yearly tax filing threshold ($10,150 for individuals, $20,300 for couples filing jointly in 2014, the most recent year available) is counted.
  • Using the per-person method, you pay only for people in your household who don’t have insurance coverage.
  • If you have coverage for part of the year, the fee is 1/12 of the annual amount for each month you (or your tax dependents) don’t have coverage. If you’re uncovered only 1 or 2 months, you don’t have to pay the fee at all. Learn about the “short gap” exemption.
  • You pay the fee when you file your federal tax return for the year you don’t have coverage.

The fee in previous years

The fee for not having coverage in 2015

The penalty for 2015 is the higher of these:

  • 2% of household income
  • Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

OR

  • $325 per adult
  • $162.50 per child under 18
  • Maximum: $975
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