Am I exempt from Obamacare?
Under Obamacare, most people who don't have health insurance will be required to pay a tax penalty. But you may not have to pay if you qualify for one or more of the following exemptions:
- You are uninsured for fewer than three months of the year.
- You prove that you can’t afford coverage -- that is, premiums for the least-expensive policy cost more than 8% of your earnings.
- You don’t have to file a federal income tax return because your income is too low.
- You qualify for Medicaid under the new income limits established by the Affordable Care Act but, because South Dakota has not expanded Medicaid eligibility, you cannot take advantage of these rules.
- You are a member of a federally recognized Indian tribe.
- You are a member of a health care sharing ministry.
- You are a member of a recognized religion that objects to health insurance.
- You are in the United States illegally.
- You are incarcerated.
You may be eligible for an exemption under other circumstances, as well -- for example, if you can show that obtaining coverage would subject you to serious financial hardship.
To learn more, see Do I Have to Get Obamacare in South Dakota?