[MUDDOG]

Since it's your dad, I guess he's getting on up there.

If you have Medicare (age 65 and up), all you need is the "free" part of Medicare (Part A hospital coverage) to be Obamacare-compliant, and thus no penalty.

If you aren't Obamacare-compliant, the percent penalty applies to a "modified" income in excess of the standard deduction and exemptions (approx. $10,000 for an individual).

So as an approximation, it would be 1% of (your dad's adjusted gross income minus $10,000).

[MUDDOG]

I misread your post in my reply ("dad" for "had").

I'm not aware that the penalty is capped at the cost of an insurance policy.

Not that you're wrong; I just thought the penalty was uncapped.

If you're right, then Rush has no worries.