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Most US Taxpayers Unaware Of Individual Mandate Repeal

by Mike Godfrey, Tax-News.com, Washington

29 January 2018


Most US taxpayers do not know they will no longer face a tax penalty under the Affordable Care Act's individual mandate, which was shuttered in the recently enacted Tax Cuts and Jobs Act.

The recently adopted US tax reform plan reduced the individual penalty for not having health insurance to zero beginning in 2019, effectively repealing the tax penalty provision, which had been the most unpopular provision in the ACA, according to an earlier poll from the Kaiser Family Foundation.

A new poll by KFF has found that just one-third of the public (36 percent) are aware that Congress has a passed a law repealing this requirement, while about half (46 percent) incorrectly said that the requirement has not been repealed. 18 percent said they were unsure of whether the individual mandate had been repealed.

According to KFF, there was a lack of knowledge also from those most likely to be impacted by the legislative change: those who are uninsured and those under the age of 65 who buy their insurance through the individual market. Among this group, about 37 percent said they were aware the individual mandate had been repealed; 44 percent said it has not been repealed; and 19 percent were unsure.

Most respondents knew that ACA is still in effect, while one in five (17 percent) thought that it had been repealed.

Subsequent to the "repeal" of the individual mandate, the US Senate on January 22 approved further delays to three Affordable Care Act taxes introduced by former president Barack Obama: the medical device tax, the Cadillac tax, and the Health Insurance Tax (HIT).

The two-year delay of the 2.3 percent medical device tax again pushes forward implementation until the end of 2019. The first payment deadline had been January 29.

The Cadillac tax, a 40 percent levy on high value health insurance plans, was also delayed to 2021, while the Health Insurance Tax (HIT), an annual tax on health insurance providers based on their share of the US healthcare market, was also deferred until 2019.

TAGS: Insurance | tax | law | insurance | insurance tax | United States | tax reform | Health Insurance | Tax

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