How Much Will I Be Penalized For Not Having Health Insurance? 
Under the Affordable Care Act -LRB- aka Obama Care -RRB- , if you have exited the recent open enrollment period with out qualified health coverage you will face a penalty when you file taxes next April for the 2014 year . An individual will be penalized $ 95 or 1 % of the Adjusted Gross Income , whichever is greater . In ensuing years the penalty will increase to greater amounts . 