Tax Penalties & Fees

Individuals without healthcare insurance will pay a tax penalty.  The penalty will either be a percentage of household income or a flat fee.  The flat fee will be charged for each person in the household, up to 3 members. There are some exemptions to the tax and hardship exceptions may be granted.




Flat Fee



 $695 +inflation increase
Percentage of Household Income



Beginning:                   January 1, 2015 Employers with 100 or more full-time employees will be required to pay a penalty if they do not provide minimum value, affordable health coverage to at least 70% of their full-time workforce. 
Penalty The penalty for not offering this coverage is $2,000 a year for each full-time employee.  The first 30 full-time employees are not counted.  For exanple:  An employer of 100 employees, would incur $140,000 in 2015 ($2,000 X 70 employees).
The penalty for offering a health plan that does not meet the minimum affordability guidelines is $3,000 for each employee that receives assistance for Exchange coverage.
Plan Renewal  Date
Employers with 50 or more employees must offer a minimum value, affordable health plan to 95% of their full-time employees.
Penalty Penalties will be assessed in 2016 at an increased amount from 2015.

Contact a member of our Health Care Team today.  We will help you find the right health insurance policy at the right price that best fits your needs.

      Angela McInerny  Dan O'Connell  Rene Dickens  Megan Guzylak  Josh Palmer       


Corning Painted Post Agency 
55 E. Market St.
Corning, NY 14830

Phone: (607) 936-4642
Fax: (607) 732-0120

Swan Morss Insurance
309 E. Water St.
PO Box 179
Elmira, NY 14901

Phone: (607) 734-6283
Fax: (607) 732-0120

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