Published on January 30, 2015
Starting in 2014, each particular person within the U.S. will need to have minimal well being protection or an exemption – in any other case they might pay a payment on their federal tax return. Many folks with out well being protection can get an exemption from the payment due to a particular state of affairs, like not having inexpensive medical insurance plans accessible to you, having solely a brief hole in protection, or being eligible for providers via the Indian Health Service. Also, in the event you had protection beginning in May 2014 or earlier, you qualify for an exemption for these months in 2014 earlier than your protection began.
There are 2 kinds of exemptions:
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IRS exemptions which you can get from the IRS while you file your 2014 federal tax return utilizing Form 8965—Health Coverage Exemptions (PDF, 73 KB).
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Marketplace exemptions which you can request by filling out an exemption type, signing it, and mailing it to the Health Insurance Marketplace®. You’ll use totally different types and have totally different choices for every type of exemption. After you submit your exemption type, the Marketplace will evaluate it and decide in the event you qualify for an exemption. If you do, the Marketplace will ship you a discover that can embrace your distinctive exemption certificates quantity (ECN). You’ll want your ECN while you file your federal taxes for the 12 months you don’t have protection.
Find out the way to apply for a Marketplace exemption, or name the Marketplace Call Center at 1-800-318-2596 for extra details about exemptions. TTY customers ought to name 1-855-889-4325.
If you might have basic questions on your taxes or wish to study extra concerning the payment for not having well being protection, go to IRS.gov.