WASHINGTON (AP) – If you’re among the millions of consumers who got financial help for health insurance last year under President Barack Obama’s law, better keep an eye on your mailbox.
The administration said Monday it has started sending out tax reporting forms that you’ll need to fill out your 2014 return. Like W-2s for health care, they’re for people who got health insurance tax credits provided under the law.
Because this is the first time Americans will experience the complex connections between the health care law and taxes, there’s concern that some people may not realize the new forms are important, and that they do need to open that envelope. Some consumers may not know what to do with the paperwork.
Called 1095-A, the forms list who in each household got subsidized coverage through the health insurance exchanges, and how much the government paid each month to help with premiums.
You don’t actually file the form with your tax return, but you can’t complete your return without the information it contains.