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March 2015

D’oh Government’s latest goof: Form 1095-A

By | Making the Most of your Medicare | No Comments

D’oh! The government’s latest gaffe could signal new problems with the complex links between ACA/Obamacare and the nation’s income tax system. A basic summation of the faux pas: Officials said the government sent the wrong tax information to about 800,000 HealthCare.gov customers, and they’re asking those affected to delay filing their 2014 returns. The issue involves a new government form called a 1095-A. You are probably asking yourself: What does health insurance have to do with taxes? What is a 1095-A form? Do I need a 1095-A form? How do I know if I have an inaccurate 1095-A form? What if I misplaced my 1095-A form? What should I do if I don’t need a 1095-A form? Health Insurance and your Taxes. This year the health care law will bring some changes to the 2014 federal income tax return that individuals file in 2015. This year marks the first time…

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