The ACA and Tax Filing
Here are some resources to help you file your 2015 income taxes with respect to health insurance:
- A consumer-friendly infographic and related blog from Families USA explain how the tax filing process differs depending on the type of health insurance a person has.
- A recent CMS blog post addresses Taxes and Health Care Coverage: Five Tips for TaxFilers
- 1095 (A, B and C) Forms: For more information on 1095 forms, see:
- IRS: What to Do with Your 1095-A Form
- IRS: Questions and Answers about Health Care Information Forms for Individuals (Forms 1095-A, 1095-B, and 1095-C)
- New York Times: The 1095 Tax Form for Health Care Coverage: What You Need to Know
- Tax Filing Preparation: FAQs in the Navigator Resource Guide
The Georgetown Center on Health Insurance Reforms has developed a comprehensive Navigator Resource Guide about the private insurance aspects of the ACA. One of these aspects is how to demonstrate one's insurance coverage to the IRS at tax time (using one of the 1095 forms). The Guide now includes some Frequently Asked Questions about this tax-preparation topic.
And a heads-up:
Corrected 1095-A Forms May Be Late
According to the Families USA March 24 Enrollment Assister Network Update, the Centers for Medicare and Medicaid Services (CMS) recently indicated that consumers who requested a corrected Form 1095-A, the tax form showing that someone has marketplace health coverage, may not get their corrected form in time to meet the tax filing deadline. If it looks like this will happen, a consumer might need to request an extension to file from the IRS. (Note that expected taxes must be paid with a request for a filing extension.) For more information, contact the Families USA Enrollment Assister Network at firstname.lastname@example.org. (See "ACA Resources," below, for more information about 1095 forms.)