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A requirement that everyone maintain health insurance coverage. The ACA requires that everyone who can purchase health insurance for less than 8 percent of their household income do so or pay a tax penalty.
- Browse Related Terms: Advanced Premium Tax Credit, Banding, Catastrophic Plan, Consumer Operated and Oriented Plans, dependent, Hardship Exemption, Health Savings Account (HSA), High deductible health plan (HDHP), High-Cost Excise Tax, Individual mandate, MinnesotaCare, Payment Frequency, Premium Tax Credit, Risk corridor