How to Avoid the Obamacare Penalty in States That Didn’t Expand Medicaid
If you live in a state that didn’t expand Medicaid, you may be wondering if you have to pay the Obamacare penalty. The answer is: it depends.
Who qualifies for the exemption?
You may qualify for an exemption from the Obamacare penalty if you meet certain criteria. One of those criteria is that you live in a state that didn’t expand Medicaid. Additionally, you must meet one of the following criteria:
Your income is below the poverty level.
You can’t afford health insurance.
You have a hardship that prevents you from getting health insurance.
How to apply for the exemption
If you think you qualify for an exemption, you can apply for it when you file your taxes. You will need to fill out Form 8965, which is called the “Health Coverage Exemptions.”
On the form, you will need to indicate which exemption you are claiming. If you are claiming the exemption for living in a state that didn’t expand Medicaid, you will need to check box G.
What if I don’t qualify for the exemption?
If you don’t qualify for an exemption, you will have to pay the Obamacare penalty. The penalty is calculated based on your income and household size.
For 2023, the penalty is $695 per adult and $347.50 per child. The maximum penalty for a family is $2,085.
How to avoid the penalty
There are a few things you can do to avoid the Obamacare penalty. One is to get health insurance. Another is to apply for an exemption.
If you can’t afford health insurance, you may be able to get help from the government. You can apply for Medicaid or CHIP. You can also get help from a health insurance agent.
Conclusion
If you live in a state that didn’t expand Medicaid, you may be able to avoid the Obamacare penalty. However, you will need to meet certain criteria and apply for an exemption. If you don’t qualify for an exemption, you will have to pay the penalty.
Question? or Need a Free Quote?
Contact Us
Reach out to us for free expert insurance advice and solutions. We will help you solve ACA (Obamacare) related questions and problems. Will contact you within 24 hours of receiving your message.