January 24, 2023 22:44 Updated Follow The ACA establishes financial penalties on individuals for failure to secure health insurance. The penalty is phased in and can reach an annual amount of $2085 based on your income. Related articles Where can I find out about insurance law in Indiana? What is "affordable" insurance? What are the basic requirements for providing health insurance to my employees? Can my employer make me work when it's too hot/cold in my workplace? What are my rights as an employee?