January 22, 2018 00:08 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 What if I don't want to buy health insurance? Need Help? Have problems? Who do I call? What Agency? What defines a full time employee? What are the basic requirements for providing health insurance to my employees? Where can I obtain helpful brochures and information on Medicare and long term care?