Will the ACA Penalty Be Waived for 2024?

Losing Health Coverage Due to Age or Job Change

When you turn 26, you can no longer stay on your parent’s health insurance plan. This can be a significant challenge, especially if you don’t have health insurance through your employer. The Affordable Care Act (ACA) has made it easier for people to get health insurance, but there is still some confusion about the penalties for not having coverage.

The Individual Mandate

The ACA requires most Americans to have health insurance. If you don’t have coverage, you may have to pay a penalty. The penalty is calculated based on your income and the length of time you are uninsured.

There is no penalty for 2023. For 2024, Congress has not yet decided whether to extend the suspension of the penalty. However, it is still important to have health insurance, even if there is no penalty.

The Importance of Health Insurance

Health insurance can help you pay for medical expenses, such as doctor’s visits, hospital stays, and prescription drugs. If you don’t have health insurance, you could be responsible for paying these costs out of your own pocket. This could lead to financial hardship, especially if you have a serious illness or injury.

How to Get Health Insurance

There are several ways to get health insurance. You can get coverage through your employer, Medicaid, Medicare, or the Health Insurance Marketplace. If you are not eligible for Medicaid or Medicare, you can purchase a plan through the Health Insurance Marketplace.

The Health Insurance Marketplace is a government website where you can compare plans and prices from different insurance companies. You can also get help enrolling in a plan.

Don’t Wait to Get Covered

If you don’t have health insurance, don’t wait to get covered. The longer you wait, the more likely you are to have to pay for medical expenses out of your own pocket. Contact a licensed agent to get started today.


Even if there is no penalty for not having health insurance, it is still important to have coverage.
There are several ways to get health insurance, including through your employer or the Health Insurance Marketplace.
Don’t wait to get covered. Contact a licensed agent today.

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