Published on February 5, 2016
If you (or anybody in your family) had a Marketplace well being plan for 2015, maintain a watch out for Form 1095-A, Health Insurance Marketplace® Statement within the mail. It ought to arrive by means of the U.S. mail by mid-February, and it’ll additionally seem on-line in your Marketplace account.
You’ll want it to file your 2015 federal revenue tax return and determine your ultimate 2015 premium tax credit score, should you qualify for one.
IMPORTANT Don’t file your taxes till you’ve gotten an correct 1095-A.
How to make use of your 1095-A
- Read the directions on the again fastidiously, and ensure every part is correct. If it’s not, contact the Marketplace Call Center.
- Make positive the details about the “second lowest cost Silver Plan” (SLCSP) is full. If zeroes present on Part III, column B of the shape, you possibly can search for the right quantities.
- Once every part is right, you’ll use Form 1095-A to determine your ultimate premium tax credit score and reconcile any a part of this that you simply used prematurely to decrease your premiums. That means you’ll evaluate the premium tax credit score you utilized in 2015 with the tax credit score you truly qualify for based mostly in your ultimate revenue.