I've been told that under the Affordable Care Act (ACA) the premiums for the insurance programs are not affordable for individuals, especially for small-time entrepreneurs. Citizens basically have a choice... Pay for the plan to avoid being find which leaves you unable to afford the insurance premiums or pay the fine.

Is this a correct assessment of the program?

1 Answer 1


If your income is low enough to be unable to afford insurance, than you might qualify for a subsidy

After a quick google search I've found a tool that can estimate the size of the subsidy that you might get under the Affordable Care Act.

  • 1
    I think you can also have the penalty waived if you can't afford insurance.
    – Publius
    Oct 10, 2013 at 17:35
  • Any links to that option? Oct 10, 2013 at 17:37
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    @Avi That would defeat the very purpose of the insurance mandate, which is to prevent hospitals taking a loss on people who are unable to pay their bills Oct 10, 2013 at 17:39
  • No Sam I Am, it would still penalize people above a certain income level (presumed to able to afford insurance) who still don't buy it. I'm not sure though, I do need to check.
    – Publius
    Oct 10, 2013 at 17:43
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    Check out this page (aetna.com/health-reform-connection/questions-answers/…). It says that the penalty will not apply to individuals who "cannot afford coverage based on formulas contained in the law". And there are a few other poverty-related exemptions.
    – Publius
    Oct 10, 2013 at 17:45

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