ACA and IRS Tax Forms

If you enrolled in coverage last for the Affordable Care Act (aka “Obamacare”), you must file a federal tax return.  You will receive a IRS Form 1095A from the Health Insurance Marketplace in early February.   Keep this form with your tax information as it will be needed to complete your tax return.


2015 FPL – ACA Subsidy chart
To determine your subsidy, the Marketplace uses the prior year’s FPL. In 2015, they used the 2014 Federal Poverty Levels.  If your income was between 100-400% of FPL and you did not have access to group insurance (thru your employer or a spouse’s employer), you would qualify for a subsidy.


Tax Forms
ACA Tax Form 1095A – Health Insurance Marketplace Statement
Instructions for ACA Tax Form 1095A
Form 1095A Frequently Asked Questions (FAQs)
This form will be mailed to you in early February by the Marketplace and also available on your Marketplace account. You will give your tax preparer this form to reconcile your subsidy. If you received too much subsidy, you have to pay the excess back. If you did not get all the subsidy you were supposed to, you would get it back in your tax return as additional tax credit.


ACA Tax Form 8962 – Premium Tax Credit (PTC)
Instructions for ACA Tax Form 8962
This form is what your tax preparer will use to reconcile/verify your subsidy eligibility.  Your preparer will provide this for you.  This link is here for your reference.


If you have any other questions, feel free to contact us.  We are here to help.