Under the Affordable Care Act of 2010,if an individual does not have medical insurance coverage in 2016,they will
A) still not have to pay 100% of their medical expenses if they cannot afford them.
B) be subject to a tax penalty of up to 2.5% of income or $695 per adult.
C) only have to pay 75% of billed medical expenses.
D) be subject to a $250 fine.

Question

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Under the Affordable Care Act of 2010, if an individual does not have medical insurance coverage in 2016, they will be subject to a tax penalty of up to 2.5% of income or $695 per adult. This penalty is designed to incentivize individuals to obtain health insurance coverage. Option A and C are inaccurate, as there is no provision for partial payment of medical expenses under the ACA. Option D is also incorrect, as the penalty for not having health insurance is much higher than $250.

Under the Affordable Care Act of 2010,if an Individual Does