In 2014: Fine for no Health Insurance $95 or 1% of your Adjusted Gross Income (AGI) whichever is higher.
In 2015: The no insurance fine goes up to at least a minimum of $325 or 2% of (AGI), whichever is higher.
In 2016: The no insurance fine goes up to at least a minimum of $695 or 2.5% of (AGI), whichever is higher.
2017 forward – the fines index for inflation. Even a $695 fine will not compel the younger subscribers that Obamacare is counting on to subsidize the older subscribers on the exchanges. They will simply pay the fine.
Note – illegal aliens are exempt from the fines.
Threshold for writing off medical expenses, now 10% of AGI, used to be 7.5%. This is a tax increase on people who had been getting that write-off.
Deferrals in to Pre-Tax Health Savings Accounts cut to $2500 limit. This is a tax increase on the middle class as this effectively cuts this write-off in half.