What happens if I don't have health insurance?

If you do not have health insurance in North Carolina, you may be subject to certain penalties and fines. Under the Affordable Care Act, it is mandatory for all individuals to have health insurance coverage. Not having health insurance can lead to a financial penalty. The penalty is calculated by looking at your federal tax return and is usually applied when you file for the upcoming tax year. It is also referred to as a “shared responsibility payment”. The penalties and fees for not having health insurance coverage depend on your income, family size, and other factors. Another consequence of not having health insurance is that you will not be eligible for certain benefits. Without health insurance, you will not be able to receive coverage for routine health care visits or medications. Additionally, you may have to pay out-of-pocket for costly medical procedures–such as emergency visits–which can become very expensive. Lastly, not having health insurance can cause issues when you try to apply for new health insurance coverage. You may be subject to pre-existing condition limitations, meaning that you may not qualify for certain benefits or services. In conclusion, not having health insurance in North Carolina can lead to expensive fees and penalties, as well as limited coverage. To protect yourself financially, it is important to make sure that you have health insurance coverage.

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What happens if I don't have health insurance?

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