You no longer need to report health insurance coverage for the tax year unless you or a family member were enrolled in health insurance through the Marketplace and advance payments of the Premium Tax Credit were made to your insurance company to reduce your monthly premium payment. Start Your 2020 Tax Return Now!
What is the purpose of Form 1095-A?
The form provides information about your insurance policy, your premiums (the cost you pay for insurance), any advance payment of premium tax credit and the people in your household covered by the policy. Insurance companies in health care exchanges provide you with the 1095-A form.
Where does the 1095-A tax form come from?
Your 1095-A includes information about Marketplace plans anyone in your household had in 2020. It comes from the Marketplace, not the IRS. Keep your 1095-As with your important tax information, like W-2 forms and other records.
When to get Form 1095-A, health insurance marketplace statement?
If anyone in your household had a Marketplace plan in 2017, you should get Form 1095-A, Health Insurance Marketplace Statement, by mail no later than mid-February. It may be available in your HealthCare.gov account as soon as mid-January.
Why are my premiums higher on my Form 1095-A?
In this case, the monthly enrollment premium on your Form 1095-A may be higher than you expect because it includes a portion of the dental plan premiums for pediatric benefits. If any of these applied, the premium on your 1095-A is probably correct. If you still think it’s wrong, contact the Marketplace Call Center.
Can a Social Security number be truncated on a 1095-A?
On Form 1095-A statements furnished to recipients, filers of Form 1095-A may truncate the social security number (SSN) of an individual receiving coverage by showing only the last four digits of the SSN and replacing the first five digits with asterisks (*) or Xs. Truncation isn’t allowed on forms filed with the IRS.