Form 1095-A Health Insurance Marketplace Statement

Form 1095-A is a tax form used to report information about health insurance coverage obtained through the Health Insurance Marketplace (also known as the Affordable Care Act or Obamacare). The form is provided by the Marketplace to individuals who purchased health insurance through the Marketplace, and it is used to report the individual's health insurance coverage to the Internal Revenue Service (IRS).

What is Form 1095-A used for?

• Reporting health insurance coverage obtained through the Health Insurance Marketplace to the IRS.
• Providing individuals with the necessary information to report health insurance coverage on an individual tax return.
• Verifying the accuracy of health insurance coverage reported on individual tax returns.

Key Components of Form 1095-A

• Recipient Information: Identifying information about the individual who purchased health insurance through the Marketplace, including name, address, and tax identification number.
• Coverage Information: Details about the health insurance coverage, including the plan name, coverage period, and premium amount.
• Premium Tax Credit: Information about the premium tax credit, including the amount of the credit and the amount of the credit that was advanced to the insurance company.

Why is Form 1095-A important?

• It provides individuals with the necessary information to report health insurance coverage on your individual tax return.
• It helps individuals accurately report health insurance coverage and claim the premium tax credit.
• It is used by the IRS to verify the accuracy of health insurance coverage reported on individual tax returns.

What if I don't receive Form 1095-A?

• If you don't receive Form 1095-A, you should contact the Health Insurance Marketplace to request a copy.
• You can also contact the IRS for assistance.

Can I file my tax return without Form 1095-A?

• No, you should not file your tax return without Form 1095-A if you received health insurance coverage through the Marketplace.
• You will need to wait until you receive Form 1095-A to file your tax return accurately.