Front cover of Electrolux Factory News from November 25, 1944. A graphic representing the Army Navy E Pennant is to the left of the publication title. It recognized the contribution to war production by the factory and its employees. The pennant was also flown above the facility.
The penalty tax for going without health insurance by year is: 1  2014 insurance penalty fee: $95 per person. 2  2015 insurance penalty fee: $325 per person. 3  2016 insurance penalty fee: 2.5% of income or $695 per person or whichever is higher.
If you didn't have insurance in 2014, you will either have to provide a valid reason why you didn't have to be covered or pay a fine. How big is the fine? You may have heard that the penalty for not having health insurance is only $95 for the year, but thatâs only for certain people. Hereâs the full formula.