Tax forms could pose challenge for HealthCare.gov

Tax forms could pose challenge for HealthCare.gov
This photo taken Aug. 21, 2014 shows health care tax form 1095-A in Washington. The federal agency that brought you the glitchy HealthCare.gov website has a massive new project. Technical difficulties on this one could delay tax refunds for millions of Americans. That agency is the Health and Human Services department. To facilitate complicated connections between the new health care law and income taxes, HHS will have to send some 5 million households new tax forms that are like W-2s for health care. Those forms are called 1095-As, and they're being introduced next year. (AP Photo/Carolyn Kaster)

If you got health coverage through President Barack Obama's law this year, you'll need a new form from your insurance exchange before you can file your tax return next spring.

Some tax professionals are worried that federal and state insurance marketplaces won't be able to get those forms out in time.

That could lead to delayed for millions of consumers.

The same federal agency that had trouble launching HealthCare.gov last fall faces the heaviest lift.

The Health and Human Services Department must send out millions of the forms, which are like W-2s for people getting tax credits to help pay health insurance premiums.

The form is called 1095-A, and it's supposed to be delivered by Jan. 31.

The Obama administration says it's on the job.


Explore further

Plan to streamline health law re-enrollment

© 2014 The Associated Press. All rights reserved.

Citation: Tax forms could pose challenge for HealthCare.gov (2014, August 30) retrieved 30 July 2021 from https://medicalxpress.com/news/2014-08-tax-pose-healthcaregov.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
 shares

Feedback to editors

User comments