Published on March 25, 2021
If anybody in your family had Marketplace well being protection in 2020, it’s best to have already obtained Form 1095-A, Health Insurance Marketplace® Statement. (If you didn’t get the shape on-line or by mail, contact the Marketplace Call Center.)
How to make use of Form 1095-A
- If your type is correct, you’ll use it to “reconcile” your premium tax credit score. If there are errors, contact the Call Center. We’ll ship you a brand new, up to date one. Don’t file your federal taxes till you will have it.
- To “reconcile,” you’ll evaluate the quantity of premium tax credit score you used upfront throughout 2020 in opposition to the premium tax credit score you really qualify for based mostly in your last revenue for the yr. Any distinction will have an effect on your refund or the quantity of taxes you owe.
- Get a step-by-step information to “reconciling” your premium tax credit score.