Last year during Open Enrollment I was unemployed and couldn’t afford to buy any coverage. I applied for and received an affordability exemption from the Marketplace. Then last summer, I got a job and worked for the rest of the year, but I couldn’t buy a plan at that point because Open Enrollment was over. Now it turns out the plans that were available on the Marketplace would have cost less than 8.16 percent of the income I earned later in the year. Do I owe a penalty for being uninsured?
No. If you received an affordability exemption from the Marketplace, that covers you for the entire year, even if your circumstances subsequently change. You should file Form 8965 with your tax return and include the certificate number of the Marketplace exemption.