Fortitude Insurance Group

“Home of the free because of the Brave”

On this Veterans Day, we honor the members of the United States Armed Forces who believed in something bigger than themselves and in doing so dedicated themselves to serve and protect our American values. Our gratitude to the men and women who gave us their all. May we honor them and remember them - today and always.

As the ACA enrollment period is beginning, the 2015 ACA penalties should give individuals motivation to enroll into an insurance plan.

Individuals are required to have minimal essential coverage or will have to pay the penalties listed below.

For 2014, the penalty was only $95 or 1% of income, (which ever was greater) for an individual who chose not to elect coverage.

However, in 2015 the penalty will be the greater of the two:

2% of their earnings
$325 for an individual ($162.50 for children under 18) up to $975 per family

The penalty will be included in the tax filing for the individual / family.

Plus penalties will increase in the coming years.