It’s that time of year again: tax season. The time where you track down everything you’ve earned, bought, sold, donated or traded over the last year to determine whether you owe the government or they owe you. In recent years, Americans have also had to prove that they were covered by a health insurance plan in their filing process.
Although the individual insurance mandate has been removed for the 2019 tax year, taxpayers must still prove they were covered or exempt during the 2018 tax year. Additionally, Americans who received tax credits, as part of their tax return, need to reconcile income they reported versus actual income for the tax year. Filing a Form 1095-A with your tax return completes this reconciliation.
We know filing your taxes can be stressful, which is why we’ve compiled a quick guide for health insurance tax filing to ensure you aren’t hit with a big penalty.
What Should I Look Out For?
If you are on an ACA marketplace health insurance plan, refer here for more information on how to use your Form 1095-A when filing your taxes:
If you are on Medicaid, Medicare, or Veteran benefits, fill out Form 1095-B when filing your taxes.
If you have self-insured coverage through an applicable large employer, fill out Form 1095-C when filing your taxes. (Most Remodel Health customers will not fit this category unless they are on their spouse’s employer’s plan, and that plan is self-insured).
Individuals on a Marketplace plan should receive their 1095-A by mail by the end of February. If you need a copy of your 1095-A, follow the steps listed below to download your copy on healthcare.gov.
How to find your 1095-A online
Note: Your 1095-A may be available in your HealthCare.gov account as early as mid-January, or as late as February 1. If you’re already logged in, start with step 3 below.
- Log in to your HealthCare.gov account. (If you have never logged in before, you may need to create an account first. If you have questions about logging in to your account, please contact your member care coordinator.)
- Click the green “Continue” button.
- Choose “Go to my applications and coverage” at the top of the screen.
- Under “Your existing applications,” select your 2018 application — not your 2019 application. It will be below your 2019 application.
- Select “Tax forms” from the menu on the left.
- Download all 1095-A’s shown on the screen.
Note: If you can’t find your 1095-A in your Marketplace account, contact the Marketplace Call Center.
If you are expecting a 1095-B or 1095-C document, you may not receive this until March 31. Individuals can file their taxes without these forms by providing other documentation, i.e. an insurance card, explanation of benefits or a W2 reflecting health insurance deductions.
What If I am on a Healthcare Ministry Share Plan?
By being part of a Healthcare Ministry Share Plan, like Medi-Share, you are exempt from the individual insurance mandate. This means that you are exempt from the penalty of not having health insurance (as mentioned earlier, this will no longer be in effect for 2019 filings).
To claim the exemption from the individual mandate, the IRS has posted form 8965 for taxpayers to fill out.
All members on the Remodel Health platform must complete a form to confirm they had Marketplace coverage or are exempt from the mandate. While we seek to help our customers as much as possible, we cannot file any of these forms or exemptions on your behalf as they must be filed in tandem with your individual tax return.
If you have additional questions about health insurance tax filing in your 2018 return, please contact your member care coordinator.