IRS Releases Figures for Determining Individual Mandate Penalty Cap in 2014

August 15, 2014

The Affordable Care Act (ACA) requires most individuals to obtain acceptable health insurance coverage for themselves and their family members or pay a penalty. This rule, which took effect in 2014, is often referred to as the individual mandate. The penalty amount that an individual will have to pay is capped at the annual national average bronze plan premium.

View this full article on the Michigan Chamber’s Insurance website and find other up-to-date information related to what’s happening with Health Care Reform (Affordable Care Act) and other health care related topics.

The Michigan Chamber works with hundreds of Michigan business owners, both small and large, to navigate the ever-changing landscape of health care, and implement long-term employee benefit solutions tailored to each clients' needs.