1095A forms explained

 Even though tax season has settled down I need to mention 1095 A forms. We had so many calls this year especially the last days before the filing ended for taxes. We’d get a call “my tax preparer says I need a 1095 A form to file my taxes, what is that?” The form provides information about your insurance policy, your premiums (the cost you pay for insurance), any advance payment of premium tax credit and the people in your household covered by the policy. MNsure sends the forms to you. So, if you go through MNsure that is Minnesota’s health care exchange. The form is sent in January like other forms you get for tax purposes like 1099’s for example. You’ll want to look for this form in January and there’s a place on your federal tax form that will ask for the information from your 1095 A. I believe many of the calls were from people that didn’t realize what the form was and either didn’t get one or possibly threw it away. We can get that information for our clients but if you’ve set up your plan yourself you have to call MNsure and they will mail you a copy if you’ve lost or misplaced your 1095 A form. I hope that clears things up and we’ll remind you about that in January.