The Affordable Care Act Affects us all.
Who is exempt from Obamacare?
The Patient Protection and Affordable Care Act (PPACA) regulations apply to most U.S. citizens, with a few exceptions. Most people will not qualify for Obamacare exemptions and must comply with all PPACA health insurance regulations to avoid fees and taxes. PPACA places mandates on both individuals and businesses, levying taxes on those who do not adhere to the regulations. For a better idea of how the Affordable Care Act will impact you, visit our PPACA employer insurance guide or our Obamacare for employees overview.
A few Obamacare exemptions do exist in the Affordable Care Act which absolves certain individuals from purchasing Obamacare compliant health insurance.
Obamacare Exempt List:
- Your religion opposes accepting benefits from a health insurance policy
- You are an undocumented immigrant
- You are currently incarcerated
- After taking employer contributions and tax credits into account, you have to spend more than 8% of your income on health insurance
- Your income is below the level requiring you to file a tax return
If you do not meet one of the above criteria, you are not exempt from Obamacare. This means you will have to acquire health insurance which meets the PPACA guidelines. Failure to do so will result in costly penalties.
You need a trusted expert to help guide you through the tangle of laws called Obamacare. Jackson Kahl Insurance has the expertise you can depend on for custom insurance solutions which are cost effective and PPACA compliant.