By what year did PPACA require individuals to have insurance or pay a penalty?

By what year did PPACA require individuals to have insurance or pay a penalty?

• A. 2010
• B. 2014
• C. 2012
• D. 2016

Answer: (B)

The question tests when the individual mandate of the ACA began to take effect. Although the Affordable Care Act was signed into law in 2010, the requirement for most people to have health insurance or pay a penalty started in 2014. Penalties were assessed for coverage in 2014 and collected when filing the 2014 tax return, which is in 2015. So, 2014 is the year the mandate began. The other years refer to times before or after the start of that enforcement and don’t reflect when the requirement first applied.

The question tests when the individual mandate of the ACA began to take effect. Although the Affordable Care Act was signed into law in 2010, the requirement for most people to have health insurance or pay a penalty started in 2014. Penalties were assessed for coverage in 2014 and collected when filing the 2014 tax return, which is in 2015. So, 2014 is the year the mandate began. The other years refer to times before or after the start of that enforcement and don’t reflect when the requirement first applied.