Question: What if I don’t have health insurance?
Answer: You may have to pay a tax penalty if you are deemed able to afford health insurance. The “shared responsibility payment” is a new tax penalty that Americans have to pay if they can afford health insurance but choose not to buy it. It’s called a shared responsibility payment because everyone in the United States is now required to be part of our health insurance system - buying health coverage for themselves and their families rather than relying on others to pay for their care. Those who don’t buy health insurance in 2017 may be subject to the penalty, which is $700 per adult and $350 per child, to a maximum of $2,085. or 2.5 percent of their income, whichever is greater.