Aug. 8, 2014 - The individual shared responsibility provision of the Health Care Law requires you and each member of your family to: • have qualified health insurance, also called minimum essential coverage, • have an exemption, or • make a shared responsibility payment when filing your federal income tax return. If you meet certain criteria, you will be exempt from the individual shared responsibility provision and will not have to obtain coverage or make a shared responsibility payment.
The federally-facilitated Marketplace has a special enrollment period from March 15 through April 30, 2015.
Check our publication to find out about minimum essential coverage, exemptions and payments.
Health Care Tax Tip 2014-13, Apr. 17, 2014
Find Out if Your Health Insurance Coverage is Considered Minimum Essential Coverage Under the Affordable Care Act
Health Care Tax Tip 2014-12, April 10, 2014
Health Care Tax Tip 2014-11, March 25, 2014
Health Care Tax Tip 2015-38, July 1, 2015
YouTube video on CRÉDITO TRIBUTARIO DE PRIMAS: Cambio en su Situación - Introducción
Health Care Tax Tips help people learn what they need to know about the Affordable Care Act for filing tax returns this year and in the future. You can view them on IRS.gov or subscribe for automatic email updates.
Questions and Answers on the Employer Shared Responsibility Provisions Under the Affordable Care Act
Jan. 27, 2014 - Employers may need to report employer-sponsored health care coverage amounts on W-2 forms being issued this January 2014. Individuals do not have to pay taxes on these coverage amounts and should not report it as income.
Frequently asked questions on the federal tax consequences to an insurance company that pays a MLR rebate and an individual policyholder who receives a MLR rebate, as well as the federal tax consequences to employees if a MLR rebate stems from a group health insurance policy.
The Health Insurance Marketplace
This infographic shows what the Affordable Care Act (ACA) means for your 2014 federal tax return.