Waivers can be obtained for various situations in order to avoid the Obamacare penalty known as the Shared Responsibility Payment. This is especially true for the first year of implementation of the Individual Mandate under the Affordable Care Act.
Many scenarios will arise whereby unique personal situations are somewhat questionable or conflict with the law as it was written. As a result, the Treasury Department and HHS have shown a willingness to provide waivers. These special waivers are not to be confused with regular exemptions which are more clearly defined under the law.
Types of Obamacare Waivers
The most notable ACA waiver is for people who lost their insurance during 2013. Those people do not need to participate in Obamacare during 2014 whatsoever and do not face any penalty as a result.
More Waiver information coming soon!