IMPORTANT TAX

INFORMATION

If you or someone in your household was enrolled in health insurance through Your Health Idaho at any time during the year, you’ll receive a Form 1095-A: Health Insurance Marketplace Statement. You will receive your Form 1095-A electronically in your Your Health Idaho account secure inbox by January 31. If you opt to receive a print copy, it will be sent to you via U.S. mail by January 31. Form 1095-A is used to determine if you received and used the correct tax credit amount based on your actual income at the end of the year.

The 1095-A form verifies the following information about your health insurance:

  • Household members enrolled in a health plan through the exchange
  • How many months each household member had health insurance during the year
  • The cost of your monthly health insurance premiums
  • The amount of Advance Premium Tax Credit (APTC) received each month

To reconcile the APTC you received during the year, use the information from your Form 1095-A, Health Insurance Marketplace Statement, to complete Form 8962, Premium Tax Credit. You will file Form 8962 with your tax return.

The IRS website has several available resources to help you file your taxes. Learn more here.

IMPORTANT:

  • You will receive a multiple Form 1095-A if:
  • You or someone in your household were enrolled in one health plan and then switched to another plan
  • Members in your household were enrolled in different plans
  • If you check your 1095-A tax statement and find an error, contact Your Health Idaho at 855-944-3246. If there is an error, you’ll receive a corrected 1095-A tax statement. DO NOT FILE YOUR TAXES UNTIL YOU HAVE AN ACCURATE FORM 1095-A FOR ALL MEMBERS OF YOUR HOUSEHOLD
  • Keep all Form-1095As you receive for your records
  • You can find the Second Lowest Cost Silver and/or Lowest Cost Bronze plan information by using the Health Coverage Tax Tool
  • Not filing your 1095-A form with IRS could result in you losing eligibility for the advance premium tax credit in the future

NOTE: Form 1095-A is not required for catastrophic or stand-alone dental plans.

For additional information, visit our Getting Ready for Tax Season blog post.