You must file a federal income tax return if you or another member of your household received health insurance on Your Health Idaho in 2014. This year, the federal marketplace will mail you important tax information you’ll need to correctly fill out your federal income tax return.
Here is what to expect:
1. Watch your mail! You will receive Form 1095-A from the federal marketplace in the mail by mid-February. This form contains important information about your 2014 health coverage and any tax credits you received. Combine this form with the other documents you use to file your federal income tax return.
2. Use Form 1095-A to accurately complete your 2014 federal income taxes.
3. You will also use Form 1095-A to file Form 8962, to claim Advanced Premium Tax Credits (APTCs) and ensure the tax credit you received is accurate.
You may receive multiple 1095-A forms for any of these reasons:
-You or members of your tax household were enrolled in one health insurance plan and then switched to be enrolled in a different health plan.
-You changed your plan benefit level. For example, you kept the same health insurance plan, but you changed your plan level from Bronze to Silver.
-Members of your household were not all enrolled in the same plan.
IF YOU HAVE QUESTIONS ABOUT ANY OF THESE FORMS AND THE IMPACT ON YOUR TAXES, CONTACT THE FEDERAL MARKETPLACE CALL CENTER AT 1-800-318-2596.
-If a Federal Marketplace representative tries to direct you to the Your Health Idaho call center with your questions, tell them Idaho used HealthCare.gov last year, so you need to speak with someone from the federal call center.
-You can visit IRS.gov/FreeFile to find brand-name tax software products and electronic filing available to most taxpayers for free.
-For more information and helpful links on health insurance and your taxes, please visit www.yourhealthidaho.org.