IRS – Individual Shared Responsibility Provision – Exemptions: Claiming or Reporting.
There are a myriad of ways to avoid the Obamacare penalty. No better place to go for reliable information but to the enforcer, the IRS.
- Coverage considered unaffordable
- Short coverage gap
- Income below the return filing threshold
- Citizens living abroad and certain noncitizens
- must be out of country at least 330 days
- Members of a health care sharing ministry
- Members of Indian Tribes
- Incarceration
- Members of certain religious sects
- Aggregate self-only coverage considered unaffordable
- Gap in coverage the beginning of 2014
- General Hardship
- Coverage considered unaffordable based on projected income
- Determined ineligible for Medicaid in a state that did not expand Medicaid coverage (income dependent)
- Resident of a state that did not expand Medicaid (Income dependent)
- Unable to renew existing coverage
- Gap in CHIP coverage
- AmeriCorps coverage
- Limited benefit Medicaid and TRICARE programs that are not minimum essential coverage
Another good source of information is the TurboTax Exemption Check tool.
Details provided at the link.