The Massachusetts Department of Revenue has issued TIR 12-2 which provides the 2012 penalties for not complying with the Massachusetts Health Care Reform Act’s individual health insurance coverage mandate. The maximum individual penalty in 2012 for failure to have “creditable” insurance coverage will be $105 per month ($1,260 for the entire year).

The penalty is based on one half of the lowest cost Commonwealth Choice Bronze plan available through the Connector. However, the Department of Revenue adjusts the penalty based on age and income. For example, individuals who are age 26 or less will have a maximum penalty of $83 per month ($966 per year) while those who earn less than 150% of the federal poverty level ($16,344 for an individual) will not be subject to any penalty.