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HomeHealthcareHad 2016 Market protection? 3 ideas when submitting 2016 taxes

Had 2016 Market protection? 3 ideas when submitting 2016 taxes


Printed on March 16, 2017

For those who enrolled in a Market medical health insurance plan for 2016, you must have obtained tax Kind 1095-A, Well being Insurance coverage MarketĀ® Assertion within the mail. You can also get this manner in your on-line Market account, if in case you have one. You want this manner to “reconcile” ā€” which means to search out out in the event you used the correct amount of premium tax credit score through the yr ā€” your federal earnings taxes for 2016. Listed below are 3 ideas:

1. Make sure that your 1095-A is right

  • Learn the directions on the again and ensure all the things is right, together with your “month-to-month second lowest price silver plan (SLCSP) premium.”
  • If you want to make corrections, contact the Market Name Middle. Weā€™ll ship a corrected type. Donā€™t file your taxes till you get an accurate 1095-A.

2. Get Kind 8962 to “reconcile”

3. Use your 1095-A to finish Kind 8962

  • See our step-by-step information to learn to enter your info out of your 1095-A on Kind 8962.
  • Embody your accomplished Kind 8962 along with your 2016 federal tax return.
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