The following forms can still be used for proof of health insurance. 

Form 1095A – If you purchased health insurance through your state exchange or the new federal marketplace.

Form 1095B – If you have purchased health insurance directly from an insurance company without going through the marketplace or state exchange.

Form 1095C – If your health insurance is provided by your employer or your spouses employer.

Proof of Exemption:

If you are exempt from the health insurance mandate, you’ll need to provide proof. Qualifying exemptions vary but include: having an approved religious objection to health care coverage; having an income below the threshold that requires you to file a tax return; if you went without coverage for less than three consecutive months in the year; or if coverage is unaffordable, with premiums accounting for more than 8% of your annual income.

Some exemptions must be granted through the Marketplace, while others can be claimed on your tax return. If you’ve qualified through the Marketplace, you should have already received a certificate of exemption. For more information on whether you qualify for an exemption and how to exercise it, Healthcare.gov provides more details.

How You Could Owe: 

Some people received subsidies in the form of an advanced tax credit to help cover the costs of their premiums. Eligibility for these money-saving subsidies were based on estimated 2015 income when applying for health coverage. If your 2015 tax return shows your actual earnings were higher than estimated, eliminating your eligibility for subsidies or determining you were simply entitled to less, you could owe the government.

On the other hand, if you didn’t receive an advanced subsidy and purchased your health insurance through the Marketplace or state exchange, you could be entitled to that tax credit when you file your tax return.

The more widely known penalty you could face on your 2015 taxes is the one you are required to pay if you or a family member for whom you are responsible went without insurance coverage without qualifying for an exemption.

This individual shared responsibility payment for 2015 is the greater of:

• 2% of your household income above the filing threshold set by the IRS for your filing status, or

• A flat amount of $325 per adult and $162.50 per child (18 and younger), capped at $975 per family.

You can learn more about the Affordable Care Act Tax Provisions on their website.

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