Exemptions to the Individual Mandate
There are some cases where there is no penalty to not having coverage.
Each one is designed to help cover damages and bills in case something goes wrong. Life can get expensive fast. With insurance, you typically pay a monthly amount (called a premium) to cover a certain dollar amount of problems. Each plan has its own premiums and coverages. Be sure you examine your needs carefully to find a plan that suits them specifically.
Another way to learn about these things is through:
Insure U is designed to help insurance consumers as their lives and needs change, and to educate them about how to avoid being scammed. The program also reminds consumers of the tools and resources provided them by state insurance regulators.