I Had Several Short Coverage Gaps in a Year – I was Uninsured in March, then Again in August. Since the Total Gap was Less Than 3 Months, am I Exempt From the Penalty?

The rule for short coverage gaps is that only the first short coverage gap in a year will be recognized. You wouldn’t be penalized for lacking coverage in March, but you may owe a penalty for your second gap in coverage in August if you don’t otherwise qualify for an exemption during that period.