How Much Will I Be Fined For Not Having Health Insurance? 
The Affordable Care Act -LRB- Obamacare -RRB- fine -LRB- It is actually a tax -RRB- is $ 95 per year or 1 % of your income , whichever is higher . If you have more than one occupant in the house , the tax applies to each individual . Children under age 18 are assessed a lower amount -LRB- $ 47.50 -RRB- . The tax increases next year -LRB- to 2 % -RRB- so it is wise to purchase affordable healthcare through experienced brokers . Why is there a tax ? In order for the Affordable Care Act to work properly , enough persons must enroll -LRB- especially healthy persons -RRB- so insurers have sufficient funds to pay claims for all policyholders . 