Do you still have to pay a penalty for not having insurance. My wife's hours have been reduced (by the employer) and her company dropped her coverage

[6ty5rfv]

Do you still have to pay a penalty for not having insurance coverage.

[tagteam · Accepted solution]

The penalty is applicable for the 2018 tax year, but you may be eligible for a health insurance coverage exemption. 

You can use the interactive tool at the link below to determine whether or not you are eligible.

See https://www.irs.gov/help/ita/am-i-eligible-for-a-health-insurance-coverage-exemption-or-required-to-...