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Old 04-07-2016, 06:18 PM
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Healthcare Question

My husband is the only one working and earns around 66k. He has insurance on himself through his employer,but to insure the whole family It would cost close to 1k. Needless,to say my 2 children and I have gone without insurance for the whole tax year. Turbo tax says I can get the penalty waived. I'm assuming this is through the 8 percent rule and I guess we fit into the family glitch territory. Turbo tax didn't really ask me any questions related to the cost of the insurance or that I would need any supporting evidence. The question is are we eligible to have the penalty waived?



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Old 04-08-2016, 05:12 AM
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Join Date: Oct 2010
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I GUESS SO; Individuals and families are eligible for a waiver from the requirement to purchase health insurance if coverage is unaffordable ASLONGAS premiums exceed 8 percent of incomeHealth care coverage is unaffordable, based on premiums being greater than 8% of household



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