Rhode Island Affidavit of No Coverage by Another Group Health Plan
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How to fill out Affidavit Of No Coverage By Another Group Health Plan?
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FAQ
Rhode Island Medical Assistance (Medicaid)
Unlike in past tax years, if you didn't have coverage during 2021, the fee no longer applies. This means you don't need an exemption in order to avoid the penalty.
Which states have individual healthcare mandates? To date, California, the District of Columbia, Massachusetts, New Jersey, Rhode Island, and Vermont have passed state individual mandates.
If you purchase health coverage through HealthSource RI: 2022 It will count for purposes of Rhode Island's mandate and will exempt you from Rhode Island's tax penalty. 2022 You may be eligible for a federal tax credit which will reduce the cost of your premium.
Who can use HealthSource RI? People who do not receive affordable insurance through their jobs and employers with 50 or less full-time employees.
HealthSource RI was created in 2013 as a part of the implementation of the Affordable Care Act, sometimes referred to as Obamacare. HealthSource RI is one of 12 state-based health insurance marketplaces.
What Is the Penalty for Not Having Health Insurance in Rhode Island? The Rhode Island penalty amount is the same as it would have been under the federal penalty: $695 for each uninsured adult ($347.50 per child) or 2.5% of household income above the tax filing threshold, whichever is more.
Health insurance is a requirement in the state of Rhode Island. If you go without continuous health coverage, you might pay a penalty when you file your taxes for 2021.
How much is the penalty? The fee is calculated either as 2.5% of your yearly household income or per person ($695 per person and an additional $347.50 per child under age 18), whichever amount is higher.
Rhode Island Individual Mandate The penalty for failure to have ACA-compliant health insurance is the same as it would have been under the federal individual mandate. It will cost a family $695 for each uninsured adult and $347.50 for each uninsured child or 2.5% of the household income, whichever amount is greater.
