How the payment is determined
In general, the Shared Responsibility Payment is one of the following:
- A flat dollar amount. For 2016, it is $695 per person (half that for individuals under 18) and capped at the amount for 3 adults.
- A percentage of your income (your excess income amount). For 2016, it is 2.5% of your income over the filing threshold for your filing status.
- The national average bronze plan premium. For 2016, it is $223 per month for each family member (up to four) and $1,115 per month for a family with five or more.
If you are subject to the Shared Responsibility Payment, the payment is the larger of the flat dollar amount or your excess income amount.
The national average bronze plan premium is an overall cap (limit) on the payment. If the flat dollar amount or your excess income amount is greater than the national average bronze plan premium for your family size, the payment will be equal to the national average bronze plan premium.