As of 2019, the Obamacare “Individual Mandate” fee no longer applies to people who don’t have coverage. In other words, most people don’t have to worry about a penalty for canceling health insurance.
However, individual healthcare mandates have been instituted in six U.S. states. If you live in one of these states, you could still face a penalty for not having coverage.
The U.S. States with an individual healthcare mandate currently include:
California
Washington, D.C.
Massachusetts
New Jersey
Rhode Island
Vermont