April 26, 2017 05:00 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 are the basic requirements for providing health insurance to my employees? What if I don't want to buy health insurance? Need Help? Have problems? Who do I call? What Agency? How do I apply for Indiana Medicaid?