Affordable HealthCare Act (ACA)
The Affordable Care Act includes the individual shared responsibility provision and the premium tax credit that may affect your tax return.
The individual shared responsibility provision requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file.
In addition, you may be eligible for the premium tax credit if you purchased health coverage through the Health Insurance Marketplace.
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Healthcare Information Forms
Taxpayers who are preparing to file their tax returns may receive multiple health care information forms that they can use to complete their return. The forms are:
Form 1095-A, Health Insurance Marketplace Statement
Form 1095-B, Health Coverage (new)
Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. (new)
Depending upon your specific circumstances, the Health Insurance Marketplace, health coverage providers and certain employers may provide information forms to you to help you accurately report health coverage information for you, your spouse and any dependents when you file your individual income tax return. Health coverage providers, employers and the Marketplace will also file these forms with the IRS.
If you are expecting to receive a Form 1095-A, you should wait to file your income tax return until you receive that form. Some taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their tax return and it is not necessary to wait for Forms 1095-B or 1095-C in order to file. While the information on these forms may assist in preparing a return, they are not required. Individual taxpayers should file their returns as they normally would.