Health Insurance and Required Federal Tax Reporting

The Affordable Care Act requires almost all US citizens and legal residents 26 – 65 years old and their dependents to have ACA compliant health insurance.

You are required to let the government know if you did or did not comply with the law when you file your federal tax return for 2016.

If you had health care coverage through your employer, Medicaid or Medicare
You may simply need to check a box on your federal tax return.

If you had health coverage ON Exchange (through the Marketplace or healthcare.gov)
The Marketplace will send you a 1095-A form to send in with your federal tax return. You can also find a copy by logging into your Marketplace account at healthcare.gov if you have one.

If you had health coverage OFF Exchange (through an agent or the health insurance provider)
The health insurance company is sending your 1095-B form to arrive by March 2, 2017. If you haven’t received your form my March2, 2017, call the number on the back of your health insurance card.

If you didn’t have Affordable Care Act compliant health insurance for yourself and your dependents
You will provide this information on your federal tax return.You may qualify for an exemption. You may need to pay a fee.

Blue Cross offers answers to Frequently Answered Questions: Click Here to view.