You may be exempt from the requirement to maintain minimum essential coverage if you have no affordable coverage options, because the amount you must pay for the annual premium is more than 8% of your household income.

Question

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If the cost of annual premiums for health insurance is more than 8% of your household income, then you may be exempt from having to maintain minimum essential coverage. This is known as the affordability exemption.

You May Be Exempt from the Requirement to Maintain Minimum