The new legislation eliminates the Affordable Care Act’s individual mandate or what it’s better known as Obamacare. It’s not for this tax season so if you went without health insurance sorry to break it to you, but you are going to be penalized unless you qualify for an exemption of some type. The no penalization will occur for the year 2019.
The penalty for going uncovered for 2018 will be $695 per adult or 2.5% of household income in excess of tax filing thresholds, whichever is higher. The deadline for open enrollment was Dec 15th. There was plenty of bargains out there: Kaiser Family Foundation estimates that more than half of subsidy-eligible, uninsured individuals could buy a bronze-level plan for no premium contribution—that is, a $0 premium. Doesn’t hurt to call around and see what is available for you.
Because of the tax penalty is going to vanish I would still suggest to have health insurance in case of any tragic accident you are covered.