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By Ryan Kennelly

August 2, 2016

Topics:

  • Individual & Family Health Insurance
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What is the Individual Shared Responsibility Provision?

August 2, 2016

  • Individual & Family Health Insurance

Under the Affordable Care Act, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the availability, quality and affordability of health insurance coverage in the United States. Starting in 2014, the individual shared responsibility provision calls for each individual to have qualifying health care coverage (known as minimum essential coverage) for each month, qualify for an exemption, or pay a penalty when filing his or her federal income tax return.

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