What happens if I decide to cancel my VA health care benefits later on?
another question for you regarding my benefits. Are there any applicable penalties if I don't have health insurance?
Until the end of 2018, the ACA required that all US taxpayers had to have health insurance that met a minimum standard. Some taxpayers are eligible for exemptions from this due to certain life events, financial status or other factors. If you had affordable health care options open to you and you chose not to avail of health insurance, then you would have to pay a fee when filing your taxes
Doing so could impact your health care coverage requirements under the Affordable Care Act, if you do not have other health care.