Health insurance and your taxes

March 5, 2024

in Healthcare

Reading Time: 1 min read

Revealed on February 22, 2024

In the event you had Market protection at any level in 2023 and bought the , right here’s what you want to find out about submitting your federal taxes.

Preserve your Type 1095-A in a secure place

This manner has essential details about the Market plans your family had in 2023.

Verify that your Type 1095-A is right

Be certain that your family and protection data, the “second lowest price Silver Plan” quantity, and the month-to-month premium are right. In the event you discover a mistake, contact the Market Name Heart.

“Reconcile” together with your Type 1095-A

In the event you certified for or used the premium tax credit score to decrease your Market plan premium:

Use the data out of your Type 1095-A to finish Half II of Type 8962 (PDF, 110 KB). If there’s a distinction between the quantity of the premium tax credit score you used throughout the yr and the quantity you really qualify for, it would impression your refund or the quantity of taxes you owe. You’ll embody Type 8962 together with your federal tax return. Get particulars on learn how to reconcile.

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