December 12, 2019 04:43 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 find out about insurance law in Indiana? Where can I get a list of HMOs and PPOs? 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?