What Is The Penalty For Not Having Health Insurance Under Obamacare? 
The penalty for people who can afford health care but do not have health insurance under the Affordable Healthcare Act is a fee . The fee is called the `` individual mandate '' or `` the individual responsibility payment '' . This is being assessed in one of two ways . The first is 1 % of your yearly household income and the maximum penalty is the cost of a bronze plan . The second way is $ 95 per person in a family and half that , $ 47.50 per child , with the maximum penalty being $ 285 for a family . The fee will be collected from the 2014 household income which will be completed in 2015 from the income tax form . If the wages are too low then the person or family may be entitled to a waiver . The fee will increase every year with the next increase in 2015 to 2.5 % of your yearly household annual income or $ 695 per adult . 