(A) (B) (C) (D) PENALTY YEAR Family Size Flat-Dollar Percentage-of-Income Greater of column (A) or column (B) Bronze plan premium Lesser of column (C) or column (D) Note (1) Note (2) Note (3) Note (4) 2014 3 or more $285 $100,000 MAGI at 1.0% is $1,000 $1,000 $20,000 $1,000 2015 3 or more $975 $100,000 MAGI at 2.0% is $2,000 $2,000 $20,000 $2,400 2016 3 or more $2,085 $100,000 MAGI at 2.5% is $2,500 $2,500 $20,000 $2,500 2016 3 or more $2,085 $250,000 MAGI at 2.5% is $6,250 $6,250 $20,000 $6,250 2016 3 or more $2,085 $800,000 MAGI at 2.5% is $20,000 $20,000 $20,000 $20,000 NOTES: (1) Flat dollar calculation: Determine the sum of the applicable flat dollar penalties for those household members not carrying the required coverage. 2014 2015 2016 2017 and later Individual (18 and over) $95 $325 $695 inflation indexed Individual (under 18) 1/2 of $95 1/2 of $325 1/2 of $695 inflation indexed Maximum household flat-dollar 3 x $95 3 x $325 3 x $695 inflation indexed (2) Percentage-of-income calculation: Determine "household income": Take the total of the taxpayer's MAGI plus the MAGI of all other individuals who were taken into account in determining the taxpayer's family size AND were required to file an income tax return for the year
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