A short coverage gap period is a period less than three consecutive month. Coverage gap waiver is only allowed once during a calendar year.
Should the gap period extend between two calendar years (example, November to Febuary) there is no tax/penalty/shared responsibility due unless a full three month consecutive period is spent in one calendar year.
A Public Marketplace is ran by a government entity.
A Private Marketplace is ran by a private company, similiar to how many access coverage now.
Dependent child under age 18: 1/2 the flat dollar amount
NOTE: Since provision goes into effect in 2014, Individuals will NOT have to have to submit coverage or exemption information or pay any penalties until they file their 2014 tax return in 2015.