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Home > Terms > English, UK (UE) > Individual mandate
Individual mandate
The individual mandate provision of the recently passed health reform legislation requires citizens to have insurance coverage that meets minimum standards set as part of health insurance exchanges, including guaranteed access to affordable coverage, essential benefits and other consumer protections. The legislation imposes a tax penalty on individuals – with some exceptions – who do not purchase coverage.
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- Part of Speech: noun
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- Industry/Domain: Insurance
- Category: Health insurance
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