Life is beautiful, and around every corner are new milestones to experience. One thing we know for sure is that health insurance can help you during your more unexpected life changes.
Since this is the second year that all Americans must show proof of health insurance under the Affordable Care Act (ACA) when filing their taxes, we want you to have all of the information you need based on your life changes this year so that there are no surprises come tax-time. Whether you were blessed with the birth of a new baby, you got married or divorced, or bought a new home, it is important you report life changes to your health insurance provider to account for changes in coverage needs. Or, if you are uninsured, your life change may qualify you to enroll in insurance.
We’ve created this ACA Health Insurance Adventure tool to help you understand what constitutes a life-change and how that may affect your advanced premium tax credits (APTC), out-of-pocket costs and coverage options. Check it out below, and enjoy your adventure!
Still need to file your taxes and report your health insurance status? Don’t worry. TurboTax will help you easily file your taxes now. And don’t forget, if you have non-Marketplace health insurance you may or may not receive a form 1095-B or 1095-C, but per the IRS you don’t need to file these forms with your taxes.