Affordable Care Act Update: New Information About Form 1095-A

The Centers for Medicare and Medicaid Services (CMS) announced today, that a very small percentage of tax filers (less than 1%) who received health insurance through HealthCare.gov, and received tax credits to help them pay their premiums, may receive an updated Form 1095-A. Some of the original forms listed an incorrect benchmark plan amount used to determine the premium tax credit.

Steps You Can Take if You Haven’t Filed Your Taxes and You Have Form 1095-A

If you haven’t filed your taxes and you have Form 1095-A you can:

• Log into your account at HealthCare.gov to see if your form was affected. The majority of tax filers with Marketplace coverage that received a 1095-A are not affected.
• Look up the correct premium amount for your 2014 second lowest cost Silver plan (SLCSP) or call the Marketplace Call Center.
• Wait to receive your corrected 1095-A form if you are affected. When your corrected form is ready there will be a message sent to your Marketplace account.

Steps You Can Take if You’ve Already Filed Your Taxes and You Have Form 1095-A

The majority of people with Marketplace coverage through HealthCare.gov received a correct Form 1095-A and do not need an updated form.

The IRS is providing relief to you if you received an incorrect Form 1095-A and have already filed your 2014 taxes by giving you the option to file an amended tax return.