: Matches New Jersey's formula with a $695 per adult minimum or 2.5% of income.
: Has a mandate to report coverage but currently imposes no financial penalty for being uninsured. Key Considerations for 2026
The Individual Mandate for Health Insurance Coverage: In Brief do i have to buy obamacare insurance
: Penalties start at $695 per adult and $347.50 per child , capped at $2,085 for families, or 2.5% of income.
At the federal level, you are to buy "Obamacare" (Affordable Care Act) health insurance . While the individual mandate technically remains part of the law, the federal tax penalty for not having coverage was reduced to $0 starting in 2019. : Matches New Jersey's formula with a $695
: For 2026 coverage, the standard open enrollment period typically runs from November 1, 2025, to January 15, 2026 .
If you reside in one of the following jurisdictions, you may face a state tax penalty if you do not have qualifying health insurance: At the federal level, you are to buy
: Even in states with penalties, you may qualify for hardship or affordability exemptions if insurance costs more than a certain percentage of your income (roughly 8% in many cases).