Form 1095-A, or the Health Insurance Marketplace Statement

Form 1095-A, or the Health Insurance Marketplace Statement, is an important tax document for individuals who purchased health insurance through the Health Insurance Marketplace. Key points include:

1. Issued by the Marketplace, not your employer or insurance company

2. Reports information about your health insurance coverage

3. Includes details on:

   – Premiums paid

   – Advance payments of premium tax credits

   – Covered individuals in your household

4. Necessary for completing Form 8962 (Premium Tax Credit)

5. Used to reconcile advance premium tax credits or claim premium tax credits on your tax return

This form is crucial for accurately reporting health insurance information on your federal tax return. It helps determine if you received the correct amount of premium tax credit throughout the year or if you’re eligible to claim the credit. If you had Marketplace coverage, you should receive this form by early February. It’s important to wait for this form before filing your taxes to ensure accuracy and avoid potential amendments later.