Last Reviewed: Mon, Jun 29, 2020
Prior to 2019, if you didn't have health insurance and didn't qualify for an exemption, you would owe a penalty when you filed your federal tax return. For now, at least, that penalty has gone away. You must still report your coverage status on your federal tax return, but you won't have to pay a penalty if you aren't covered.
For more health insurance basics, see What Colorado Residents Need to Know About Obamacare.