Health Insurance Tax Form

You ll use this form to reconcile to find out if you used more or less premium tax credit than you qualify for.
Health insurance tax form. You will receive form 1095 a health insurance marketplace. Form 1095 a is your proof that you had health insurance coverage during the year and it s also used to reconcile your premium subsidy on your tax return using form 8962 details below. Form 1095 c is the tax form companies send to employees that acknowledges the employee participated in an employer health insurance plan.
This form is provided by your health insurance carrier and not the gic. Form 8962 premium tax credit. If you or your family received advance payments of the premium tax credit through the health insurance marketplace you must complete form 8962 premium tax credit with your return.
The 1099 hc form is a massachusetts tax document which provides proof of health insurance coverage for massachusetts residents. You must have your 1095 a before you file. It may be available in your healthcare gov account as soon as mid january.
Every commonwealth of massachusetts resident who has health insurance will receive a 1099 hc form. The 2016 subsidy is also known as the premium tax credit ptc. This includes helping you understand your 1095 form explaining penalties finding possible exemptions reconciling the advance premium tax credit and enrolling in a health insurance plan deadlines do apply however.
Form 1095 c employer provided health insurance offer and coverage. The healthcare 1095 a form is designed to gather your tax information related to the federal subsidy that you could get in 2016 and the actual costs of your health insurance plan. A variety of tax breaks can help you pay your health insurance premiums but you need to know the.
Furthermore the form provides policy information and who was covered under the plan. If you had marketplace insurance and used premium tax credits to lower your monthly payment you must file this health insurance tax form with your federal income tax return. Form 1095 b health coverage.