Is Health Insurance Mandatory In Kentucky? 
Because of the Affordable Care Act , if you do not get health insurance , you will pay a tax penalty of $ 95 or 1 % of your income , whichever is greater . That tax penalty will increase in the coming year . Individuals and families can purchase insurance through the Kynect.gov exchange . Those making less than 133 of federal poverty level can qualify for Medicaid . Tax credits that can reduce monthly premiums are available to those making less than 400 % of federal poverty level -LRB- around $ 96,000 for a family of four -RRB- . Those making less than 250 % of federal poverty can receive additional assistance to reduce their out-of-pocket cost . Contact an independent insurance agent to get guidance on which policy may be best for you . 