Consumer Alert: Filing Your Taxes
Miller is reminding consumers of important information on HealthCare.gov about what to expect when filing federal taxes with
regards to health insurance.
Affordable Care Act requires all Americans to have health insurance. As long as
you are enrolled in “minimum essential coverage,” you will not incur a penalty
when filing your federal income taxes.
If you have
insurance coverage through your employer, you will likely receive a form from
your employer by the first week of April – either a 1095-B or 1095-C. Not all
employers provide these forms, and if you don’t receive one you will still be
able to file your taxes.
If you have
health insurance through the federal marketplace and receive a subsidy, you can
log on to your HealthCare.gov account to get your 1095-A. This is
available under the “Tax Forms” tab on the left hand side. Make sure to select
your 2015 application, not your 2016 application. You will need to fill out
Form 8962, Premium Tax Credit and attach it when you file your federal income
If you have a
health insurance plan through the federal marketplace and do not receive a
subsidy, you can also log on to your HealthCare.gov account to get your 1095-A,
selecting your 2015 application. If you are sure you don’t qualify for a
premium tax credit, this is all you will need to file your taxes.
If you did
not receive a subsidy for your 2015 health coverage but would like to see if
you qualify for a premium tax credit based on your final 2015 income, you can
use the Health Coverage Tax Tool at HealthCare.gov to fill out Form 8962 Premium Tax
Credit. When you finish, you’ll find out if you qualify based on your final
income for 2015. You will be credited through an increased refund or a reduced
The Pennsylvania Insurance Department is
not a tax adviser and cannot provide tax advice, so if you have questions
regarding your health insurance tax filing, please visit HealthCare.gov or call 1-800-318-2596, or visit the IRS’s website.