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You may be required to pay 2% of your gross income after subtracting $10,300, the threshold amount at which you would be required to file a federal income tax return for 2015. You may qualify for an exemption. For example, if insurance would cost you more than $4,000 per year, you wouldn't have to pay the penalty.
$325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.
The fee after 2015
The penalty increases every year. In 2016 it’s 2.5% of income or $695 per person. After that it's adjusted for inflation.
You’ll pay the fee on the federal income tax return you file for the year you don’t have coverage. Most people will file their 2014 returns in early 2015 and their 2015 returns in early 2016.