Under the aca, consumers must have health insurance as of january 1, 2014 that contains minimum essential coverage. Who is exempt?

Question

Social Studies

Harley Dougherty

18 June, 12:28

Under the aca, consumers must have health insurance as of january 1, 2014 that contains minimum essential coverage. Who is exempt?

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Answers (1)

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Hamza Hendrix · Answer 1

The individuals with an income of less than $12,200 and married couples with an income of less than $24,400 are exempt from the ACA mandate.

Explanation:

The United States government, in an attempt to make its citizens invest in health insurances, has introduced and implemented the Affordable Care Act (ACA) since 2010. This act requires individuals above 18 years of age and with an income of more than $12,200 to invest in health care insurance for themselves. The lower limit for married couples under the act is $24,400.