Can someone explain to me how the shared responsibility payment works for new jersey? I’m married and had medicaid and my wife didn’t have health insurance for the past year!!!
Now turbo tax said that since I made less than the threshold 10,000$ for single and 20,000 for married couples, the penalty is waived. My question is about the nj healthcare mandate coverage exemption. Do I need to apply for the exemption since my income being below the threshold? Because on turbotax it only says it’s waived and on the next screen it tells me to click yes so they can share my information with njgetcovered to get coverage. However no where it asks for exemption code! It’s a bit confusing do I need the code and apply for it? Or no?