Will I Have To Pay A Fine For Not Having Health Insurance? 
In essence , yes you will . But , it is called a tax penalty , not a fine . Starting Jan. 1st , 2014 if you elect not to purchase a qualified health insurance plan -LRB- minimum 60 % coverage or what 's called a bronze plan -RRB- , you will have to pay a flat tax penalty of $ 95 for each uninsured adult and half that for children , up to 3 times the single fee or $ 285 -LRB- increasing to $ 325 per adult in 2015 and $ 695 per adult in 2016 , and adjusted to inflation and cpi after that -RRB- ; or 1 % -LRB- 2 % in 2015 and 2.5 % in 2016 -RRB- of your income above the filing threshold , up to a certain percentage -LRB- depends on your income bracket -RRB- of your total income , WHICHEVER IS GREATER ! Now , of course there will be some exemptions from having to pay the tax ... If you are incarcerated , have religious exemption , not a legal US citizen , or receive welfare and the insurance premium will exceed 8 % of your income . Plus , there will be some leniency for not having coverage if switching jobs or moving out of your insurers network , and you need some time to find new coverage ; which is expected to be a 90 day grace period . But , beyond that you will be penalized for any month you do not have a qualified health insurance plan in place . So , if you go one day over the 90 day grace period , you would be fined for one month -LRB- whichever of the greater calculations , divided by 12 months -RRB- . 