2018 – The Last Year of Obamacare’s Individual Mandate

Health visitor and a senior woman individual mandate 2018

When the Affordable Care Act passed 8 years ago, it brought with it an individual mandate – aka, the individual responsibility payment that requires every American to have health insurance coverage OR face hefty fines from the IRS.  This mandate was not without criticism as it caused a backlash of protest amongst many Americans, especially younger men and women who didn’t think they needed health insurance.  However, changes, they are a-comin’.

In 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017 that will eliminate the individual mandate.  Currently, the mandate is still in effect, but in 2019, Americans will no longer be required to purchase health insurance under the federal law.  What does this mean for the American consumer?  A LOT.


“The repeal of the individual mandate will restore for consumers the freedom’s they once had to choose health insurance that meets their personal health needs and their budgets—whether that’s a limited medical indemnity or accident supplemental insurance product, like short term medical insurance, or traditional major medical insurance,” said Lane Kent, President of SGIC Insurance.


Many claim the Tax Cuts and Jobs Act of 2017 is the beginning of the process to dismantle the Affordable Care Act.  With the uncertainty of the marketplace along with skyrocketing plans that offer too much coverage, it’s a good idea to seek less expensive and more reliable insurance options.  The pending elimination of the individual mandate means there’s no better time to do so, and we can help.  At SGIC, we provide innovative insurance products that are customized to fit your lifestyle, budget, and health needs.  For more information on our insurance plans including limited indemnity medical insurance, accident insurance, critical illness insurance, short term medical insurance, or Medicare supplement insurance, please contact us today at 888.912.4767.


Resource:   https://www.firstquotehealth.com/health-insurance-news/individual-mandate-in-effect