What is the Individual Mandate under ACA?

The individual mandate requires most individuals to have minimum essential coverage or pay a penalty beginning in 2014. The penalty is now called a “shared responsibility payment.” Some individuals may qualify for an exemption so they will not be required to have coverage or pay a penalty. What qualifies as minimum essential coverage? There are many types of that qualify, for most people this includes employer sponsored health coverage, an individual plan or Medicare. If you've had coverage for one day in that month, then you are considered covered for the entire month. You can have a gap in coverage of up to 3 months without triggering a penalty. If you currently have an individual insur

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