Form 1095-A

Search Dictionary

Definition of 'Form 1095-A'

Form 1095-A is an annual statement that health insurance providers are required to send to their enrollees and the Internal Revenue Service (IRS). The form provides information about the health coverage that was provided to the enrollee during the year, including the type of coverage, the cost of the coverage, and the amount of any premium subsidies that were received.

The information on Form 1095-A is used by the IRS to verify that taxpayers are eligible for the premium tax credit, which is a refundable tax credit that can help lower the cost of health insurance premiums. Taxpayers who received a Form 1095-A must include the information on the form with their federal income tax return.

Form 1095-A is also used by the IRS to identify taxpayers who may be eligible for the health insurance marketplace's cost-sharing reductions. These reductions are available to people who have household incomes below certain levels and who purchase health insurance through the marketplace.

If you are an individual who is enrolled in health insurance through the marketplace, you should receive a Form 1095-A from your health insurance provider by January 31 of the following year. If you do not receive a Form 1095-A, you should contact your health insurance provider.

Here are some additional details about Form 1095-A:

* The form is typically mailed to the address that you provided to your health insurance provider.
* If you have moved since you enrolled in health insurance, you should make sure to update your address with your health insurance provider so that you receive the form.
* If you are a dependent on someone else's tax return, you will not receive a Form 1095-A.
* If you are not required to file a federal income tax return, you do not need to file Form 1095-A.

If you have any questions about Form 1095-A, you can contact the IRS at 1-800-829-1040.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.