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https://www.verywellhealth.com/what-is-a-shared-responsibility-payment-1738782
A shared responsibility payment is a tax penalty created by the Affordable Care Act (and in some cases by state laws). There are two types of shared responsibility payments: the employer shared responsibility payment and the individualshared responsibility payment.
https://www.irs.gov/affordable-care-act/the-individual-shared-responsibility-payment-an-overview
The employer shared responsibility payment is a tax penalty imposed on businesses with 50 or more full-time equivalent employees if the businesses don’t offer affordable health insur…
If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return. In general, the payment amount is either a percentage of your income or a flat dollar amount, whichever is greater.
The threat of the shared responsibility payment is meant to motivate employers to offer health insurance to their employees and motivate uninsured individuals to get health insurance.
In addition, if you can’t check the box, you generally must report a shared responsibility payment on Schedule 4, line 61, for each month that you, your spouse (if filing jointly), or someone else you can or do claim as a dependent didn’t have qualifying health care coverage or a coverage exemption.
You apply for and receive a hardship exemption, such as for homelessness, bankruptcy or natural disaster If you're required to make a shared responsibility payment, the amount you'll pay depends on several factors: How long they were uninsured.
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