Beginning in 2014, those who do not carry health insurance must make a shared responsibility payment to the federal government. By 2016, this annual payment, which the Patient Protection and Affordable Care Act explicitly calls a penalty, would be 2.5 percent of an individuals household income, but no less than $695 and no more than the average yearly premium for insurance that covers 60 percent of the cost of 10 specified services (e.g., prescription drugs and hospitalization).
