Required Tax Reporting for Your Health Insurance Plans

Did You Know You Need to File a Special Health Insurance Report on Your Taxes?

You are probably starting to receive at least one of these forms if you are insured. But what are you to do with them? And why are you receiving this form?

These forms are used to reconcile the offerings of benefits, via the Marketplace, insurers, and applicable large employers.

The forms were supposed to be filed and out by January 31st in order to file with your 2015 tax return, along with your W-2. But there was another delay by the ACA. The deadline is now March 31, 2016. All parties are working to get these forms to you! Keep an eye on your mailbox.

So what is the difference in these forms? Read more