If you had health insurance through the Health Insurance Marketplace in 2014...



If you or anyone in your household enrolled in a health plan through the Health Insurance Marketplace in 2014, you’ll get Form 1095-A — Health Insurance Marketplace Statement. It will come from the Marketplace, not the IRS. It will come in the mail by early February. You can download copies through your Marketplace account, where they may be available before you get your copy in the mail.

Keep Form 1095-A with other important tax information, like your W-2 forms and other tax records.

You’ll use information from the form to fill out your 2014 federal income tax return.

What’s on Form 1095-A

Information about anyone in your household who enrolled in a health plan through the Health Insurance Marketplace for 2014

Information about the monthly premiums you paid to your health plan

The amount of any advance payments of the premium tax credit that were paid to your health plan in 2014. These are the credits that lowered what you paid for your monthly premiums.

The cost of a "benchmark" premium that your premium tax credit is based on

Your final 2014 premium tax credit

When you applied for health coverage through the Health Insurance Marketplace, you provided an estimate of your 2014 income and other information. The Marketplace used this information to determine a premium tax credit you were eligible for.

You probably used "advance payments" of this premium tax credit to lower what you paid for monthly premiums.

When you file your federal income tax return, you’ll find out the final premium tax credit you’re eligible for based on your actual 2014 income.

Comparing your final premium tax credit to the amount you took in advance

To compare how much you took in advance payments in 2014 to the final premium tax credit you qualify for, you’ll complete a new tax form, Form 8962 — Premium Tax Credit, when you file your 2014 federal taxes. Your tax software or preparer can help you with this form too.

If you TOOK LESS advance payments of the premium tax credit than the actual credit you’re eligible for: You’ll get the difference as a credit on your tax return.

If you TOOK MORE advance payments of the premium tax credit than the actual credit you’re eligible for: You may need to pay the difference with your tax return.

If you DIDN’T TAKE ANY advance payments of the premium tax credit during 2014: When you complete Form 8962 you may find out that you qualify for a credit. If you do, you can claim it when you file your taxes.

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