What Is Government Approved Health Insurance? 
I presume that your question regards health insurance that meets the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- and that will allow such a policyholder to not be subject to the tax penalty associated with the individual mandate provisions of the law . To meet these requirements an individual or group major medical insurance plan -LRB- unless it is a grandfathered policy -RRB- must cover the Minimum Essential Benefits required under the Affordable Care Act -LRB- ACA -RRB- . It would take too much space to list them in this answer . However , some high points are that fully insured major medical plans sold after January 1 , 2014 ca n't decline a person for coverage , ca n't apply pre-existing condition exclusions or limitations and must cover pre-existing conditions immediately , an expanded range of preventive health care services must be covered at 100 % with no cost sharing by the subscriber , maternity must be covered as any other illness -LRB- this is a major change in the individual insurance marketplace in most states -RRB- , it can not have an out-of-pocket maximum exceeding $ 6350 and there can be no lifetime maximums on coverage . Any plan that does n't cover the Minimum Essential Benefits does not qualify as major medical coverage under the terms of the ACA . Some good examples would be Short Term Medical insurance policies and limited benefit plans -LRB- these plans generally pay a fixed amount per day that someone is in the hospital or a fixed amount for a doctor visit regardless of total expenses incurred -RRB- . Persons covered under such plans in 2014 will find themselves subject to a tax penalty of $ 95 per person or 1 % of their Modified Adjusted Gross Income when they file their 2014 taxes in 2015 . This tax penalty will increase in subsequent years . 