Calculating the Penalty
For 2014, the tax is the greater of a) 1.0 percent of income (net of
specified deductions) or b) $95 per adult plus $47.50 per child, up to a maximum of $285 per family. However, the penalty is capped at the average cost of a bronze level health plan .
The percentage tax increases to 2 percent in 2015 and 2.5 percent in 2016 and later years. The dollar penalty rises to $325 per adult plus $162.50 per child (with a family maximum of $975) in 2015; increases to $695 per adult plus $347.50 per child (with a family maximum of $2,085) in 2016; and is indexed for inflation in subsequent years.
In each year, the penalty is capped at the national
average premium for bronze level insurance plans. That average premium is projected to be: 2014: $3,600 per adult plus $1,900 per child
2015: $3,816 per adult plus $2,014 per child
2016: $4,045 per adult plus $2,135 per child