The Affordable Care Act (ACA) is a federal law that changed the way Americans get health insurance, and it led to changes in how employers offer health coverage and how individuals can buy health insurance.
One of the most important ACA provisions for many people was that it created new marketplaces where individuals can shop for and buy affordable plans, sometimes with financial assistance. The 1095-A form is a tax document sent by your employer or heatlhcare.gov if you receive subsidized coverage from them on one of these marketplaces.
What is a Form 1095-A?
The 1095-A form is a tax document that is sent by your employer if you receive subsidized coverage from them on one of the Affordable Care Act (ACA) marketplaces. The form includes information about your employer plan’s name; type of coverage; number of months you were enrolled in the plan during 2017; any advance payment amounts paid to your insurer on your behalf or reimbursed to you.
You will need to file your 1095-A form with your tax return if you receive a subsidy from your employer or healthcare.gov to help pay for coverage on one of the ACA marketplaces. Filing this form
The benefits of filing a 1095 form
– Get a tax break on your health insurance costs.
– Claim any advance payments you received from an insurer or were reimbursed by your employer for 2017 coverage.
Emotional benefits:
– Feel more confident in the future of our healthcare system.
– Have peace of mind knowing that you have taken care of yourself and are covered for medical emergencies and unforeseen events like accidents, injuries, sicknesses, etc.
Can I get a copy of my 1095-A?
If you are a taxpayer and received a Form 1095-A, you should keep it for your records. The IRS may ask to see it when you file your taxes.
If you need a copy of your 1095-A, you can contact the healthcare.gov call center at 1-800-318-2596. TTY users should call 1-855-889-4325. You can also contact your state insurance marketplace.
If we assisted, you may also login through your Beacon Point Insurance Health Sherpa Dashboard by clicking here: https://beaconpoint.co/healthsherpa
