what if i want to opt out altogether and not have insurance coverage under the affordable care act?
the tax penalties associated with the affordable care act will change over the coming years. if you choose not to get insurance in 2014 you will be charged $95 for each adult and $47. 50 for each child but not more than $285 per family. or the government may fine you 1% of your family income. this will change in 2015 and again in 2016. webmd has more information at tax penalty at-a-glance: who will pay & how much.