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.
The good news is that, for most people, the penalty tax for those who choose not to buy health insurance will cost a lot less than health insurance. The penalty/tax will be phased in from 2014 to 2016. The minimum penalty/tax in 2016 will be $695 per person and up to 3-times that per family.