October 22, 2017 15:40 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? How do I file a complaint against a qualified health care provider?