What is the individual mandate?

The individual mandate is a requirement under health insurance law in North Dakota that requires every resident to have health insurance coverage. The mandate was created to help ensure that premium costs for all North Dakotans are kept as low as possible. The individual mandate is enforced by the Internal Revenue Service (IRS). Each year, when you file your taxes, you must provide proof that you have health insurance coverage. If you do not have health insurance, you will need to pay a fee called a “shared responsibility payment”. This fee is designed to encourage more people to enroll in health insurance plans. The individual mandate does not require any particular type of health insurance plan and individuals can choose any health insurance plan that meets the minimum requirements set by the law. Some individuals may qualify for subsidies or tax credits that make health insurance plans more affordable. The individual mandate is a part of the Affordable Care Act, which seeks to make health care more accessible and affordable for all North Dakotans. It is important to follow the individual mandate by enrolling in a health insurance plan to ensure your health and financial security.

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