Medical health insurance and your taxes

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Lose Medicaid or CHIP? Stay covered 4 ways

Revealed on February 22, 2024

In the event you had Market protection at any level in 2023 and acquired the , right here’s what you might want to learn about submitting your federal taxes.

Maintain your Kind 1095-A in a secure place

This kind has necessary details about the Market plans your family had in 2023.

Examine that your Kind 1095-A is appropriate

  • Be sure your family and protection info, the “second lowest cost Silver Plan” quantity, and the month-to-month premium are appropriate.
  • In the event you discover a mistake, contact the Market Name Middle.

“Reconcile” together with your Kind 1095-A

In the event you certified for or used the premium tax credit score to decrease your Market plan premium:

  • Use the data out of your Kind 1095-A to finish Part II of Form 8962 (PDF, 110 KB).
  • If there’s a distinction between the quantity of the premium tax credit score you used through the yr and the quantity you truly qualify for, it’ll affect your refund or the quantity of taxes you owe.
  • You’ll embody Kind 8962 together with your federal tax return. Get details on how to reconcile.

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