How to Get Your 1095-A Form from the Marketplace: A Step-by-Step Guide

Posted Jan 1, 2025

How to Get Your 1095-A Form from the Marketplace: A Step-by-Step Guide

If you enrolled in a health insurance plan through the Health Insurance Marketplace, one of the key documents you’ll need during tax season is the 1095-A Form. This form provides information about your health coverage, which is essential for accurately filing your taxes, especially if you received premium tax credits to help cover the cost of your insurance.

Here’s everything you need to know about how to get your 1095-A form and how to use it when filing your taxes.

What is the 1095-A Form?

The 1095-A is a tax form issued by the Health Insurance Marketplace to individuals and families who purchased health insurance coverage through the Marketplace. It contains details about the insurance coverage, including:

• The months you were covered by a Marketplace plan.
• The amount of the monthly premiums.
• The amount of any premium tax credits you received.
• The name of your health insurance provider.

This form is essential when filing your tax return because it helps determine whether you’re eligible for any tax credits and whether you owe additional taxes due to your Marketplace coverage.

Why Do You Need the 1095-A?

The 1095-A helps ensure that you receive the correct amount of premium tax credits and avoid any penalties for failing to maintain coverage. When you file your taxes, you’ll use the information on this form to complete Form 8962, which reconciles any premium tax credits you received during the year with your actual income and filing status. If you received too many credits, you may owe additional taxes. If you received too few, you may get a refund.

When Will You Receive Your 1095-A Form?

The 1095-A is typically mailed to you by the end of January for the previous calendar year’s coverage. If you haven’t received it by the first week of February, you should log into your Marketplace account to download it. You’ll need this form to file your taxes on time.

If you don’t receive the form or it’s incorrect, it’s crucial to contact the Marketplace right away to get it corrected, as filing with an incorrect form can delay your tax return or result in penalties.

How to Get Your 1095-A Form from the Marketplace

Follow these steps to obtain your 1095-A form:

1. Log In to Your Marketplace Account

• Go to the Health Insurance Marketplace website or your state’s Marketplace site if you’re in a state that runs its own marketplace.
• Sign in using your username and password.

2. Navigate to Your Tax Forms Section

• Once you’re logged in, go to the section dedicated to your “Tax Forms” or “Documents”. This is typically found under the “My Profile” or “Documents” menu.
• Look for a section that lists available forms for the current tax year, such as the 1095-A.

3. Download or Request a Copy

• If the form is available online, you can download it directly from your account.
• If you cannot find the form or if it hasn’t been posted yet, you can request a paper copy by calling the Marketplace customer service number.

4. Check for Accuracy

• Make sure that the details on the form match your records. Specifically, check that the months you were enrolled in the plan, the premium amounts, and any subsidies are correct.
• If something looks wrong, contact the Marketplace immediately to get the issue resolved. They can issue a corrected form if necessary.

5. Keep It Safe for Your Tax Filing

• Once you have the correct form, keep it with your other tax documents until you’re ready to file. You’ll need it to complete Form 8962.

What to Do If There Are Errors on Your 1095-A Form

Mistakes on your 1095-A are not uncommon. If you find errors on your form, such as:

• Incorrect monthly premium amounts.
• Incorrect subsidy amounts.
• Missing coverage months.

You should contact the Marketplace immediately. They can issue a corrected form (a 1095-A with a new Form Number, such as 1095-A, 2nd version). Inaccuracies can affect your tax return, so make sure the form is correct before filing your taxes.

How to Use Your 1095-A to File Your Taxes

Once you have your 1095-A, you’ll use it to fill out Form 8962, which reconciles the premium tax credits you received with the actual amount you were eligible for based on your final income and household size.

To complete Form 8962, you’ll need the following:

• Your 1095-A form.
• Your income tax return (typically Form 1040).
• Any other documents related to your income, such as W-2s or 1099s.

If you received too much in premium tax credits, you may owe money when you file your taxes. If you received too little, you might receive a refund.

Common Errors to Watch Out For

• Incorrect tax year on the form: Ensure the 1095-A corresponds to the tax year you are filing for.
• Premium and subsidy amounts: Make sure the amounts listed match your payment history and the amount of subsidy you were eligible for.

If you are unsure how to complete Form 8962 or if you need help understanding the information on your 1095-A, consider consulting a tax professional.

Conclusion

Receiving your 1095-A form from the Marketplace is an essential part of filing your taxes if you had a Marketplace health plan. Be sure to download or request your form as soon as possible, verify that all information is correct, and use it to complete Form 8962 when filing your tax return. Taking the time to ensure everything is accurate will help prevent delays and ensure you receive the appropriate premium tax credits. If you need assistance, don’t hesitate to reach out to the Marketplace or a tax professional for support.

If you're having issues with getting your 1095 Form please reach out to us for further assistance through contact, set an appointment and one of our agents will assist you. We can simply retrieve your information and email you your 1095 Form A the same day!

Please Note: If we are not your original health insurance agent we will need your authorization before we can retrieve your documents.