{"id":5564,"date":"2015-02-27T09:07:55","date_gmt":"2015-02-27T14:07:55","guid":{"rendered":"http:\/\/www.nchealthplans.com\/news\/?p=5564"},"modified":"2016-01-19T10:11:59","modified_gmt":"2016-01-19T15:11:59","slug":"how-can-i-get-an-exemption-from-tax-penalties","status":"publish","type":"post","link":"https:\/\/www.nchealthplans.com\/news\/2015\/02\/how-can-i-get-an-exemption-from-tax-penalties\/","title":{"rendered":"How Can I get an Exemption from Tax Penalties?"},"content":{"rendered":"

\"IRS<\/a>As most Americans know, under the Affordable Care Act you are now required by law to carry qualifying health coverage<\/a> or pay a tax penalty<\/a>.\u00a0 This penalty is sometimes referred to as the “individual shared responsibility payment,” or the “individual mandate.”\u00a0 In some cases, however, you may qualify for what is called a “health coverage exemption.”<\/p>\n

First and foremost, if you are covered by any plan that meets the ACA guidelines of minimum essential coverage , you will not have to pay a tax penalty.\u00a0 Take a moment and learn what qualifies as minimum essential coverage<\/a> under the Affordable Care Act Law.\u00a0 Being properly insured is the safest way to avoid any penalties.<\/a><\/p>\n

If you did not have ACA approved coverage for all or part of 2014, however, you may still qualify for an exemption from the tax penalty.<\/p>\n

Below are some examples of potential exemptions that might apply to you:<\/strong><\/p>\n