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Claim or Report Tax Credit

Read this information if you enrolled in private coverage through MNsure and either received a tax credit in advance to help pay insurance premiums or want to claim a premium tax credit on your tax return. 

IRS Form 8962

If a premium tax credit was applied to your coverage to help pay your health insurance premiums, or if you would like to claim the premium tax credit at the end of the year on your federal tax return, you must file IRS Form 8962 (Premium Tax Credit) with your tax return. Form 8962 is used to compare how much tax credit you used in the last tax year to what you qualify for (this is called reconciling). For example:

  • If you use more advanced premium tax credit than you qualify for based on your final yearly income, you must repay the difference when you file your federal income tax return.
  • If you use less advanced premium tax credit than you qualify for, you’ll get the difference as a refundable credit when you file your taxes.
  • You can choose to claim the premium tax credit in one lump sum when you file your federal income tax return.

sample of Form 8962 (PDF) and instructions (PDF) can be found on the IRS website.

To fill out Form 8962 you will need your IRS Form 1095-A. Your IRS Form 1095-A shows the tax credit amount for each month the tax credit was applied to your coverage to help pay your premium. See the 1095-A FAQ for more information.

Note: For plan years 2019 and prior, you may need to find the second-lowest cost silver plan (SLCSP) premium amount to fill in form 8962:

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