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HomeHealthcareMedical insurance and your taxes

Medical insurance and your taxes


Printed on February 22, 2024

When you had Market protection at any level in 2023 and obtained the , right here’s what it’s good to find out about submitting your federal taxes. 

Preserve your Kind 1095-A in a protected place 

This type has essential details about the Market plans your family had in 2023. 

Test that your Kind 1095-A is right 

  • Make certain your family and protection info, the “second lowest value Silver Plan” quantity, and the month-to-month premium are right. 
  • When you discover a mistake, contact the Market Name Heart. 

“Reconcile” along with your Kind 1095-A 

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

  • Use the knowledge out of your Kind 1095-A to finish Half II of Kind 8962 (PDF, 110 KB). 
  • If there’s a distinction between the quantity of the premium tax credit score you used in the course of the yr and the quantity you really qualify for, it’ll impression your refund or the quantity of taxes you owe. 
  • You’ll embrace Kind 8962 along with your federal tax return. Get particulars on tips on how to reconcile.
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