August 30, 2018 23:42 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? Where can I get a list of HMOs and PPOs? Where can I find out about insurance law in Indiana? What benefits are available to injured workers under the Worker's Compensation Act? What are the basic requirements for providing health insurance to my employees?