1/21/2015 10:14:43 AM
FOR IMMEDIATE RELEASE
CONTACT: Jenni Bowring-McDonough
Media Relations Coordinator
ST. PAUL, Minn.-January is often a time when Minnesotans begin receiving important documents needed to file their tax returns. This year, Minnesotans who enrolled in a commercial health plan through MNsure in 2014 will get a new one, Form 1095-A.
The Form 1095-A is a lot like the W-2 you get from your employer or any other tax-related document, said CEO Scott Leitz. The 1095-A is needed to properly file your federal tax return if an advanced premium tax credit was applied to your coverage or you wish to claim a tax credit for 2014. You need the information on this form to file your federal income tax return.
Form 1095-A provides information about qualified health plan coverage received through MNsure and advanced premium tax credit information. The form is used to verify the advanced premium tax credit amount you received is accurate. Minnesotans that earned more or less than the amount entered when filling out their MNsure application will have their tax credit amount reconciled when filing their federal return.
If you enrolled in a commercial health insurance plan through MNsure at any point during 2014, you should watch your mail, said Leitz.
MNsure is sending postcards to all households that enrolled in a QHP in 2014, telling them the form is on the way and that they will need this information to file their federal taxes. Useful information is also available on MNsure.org by searching the keyword 1095-A . Minnesotans can expect the Form 1095-A to arrive in mailboxes in early February.
Open enrollment for 2015 coverage began November 15, 2014, and ends February 15, 2015. Minnesotans eligible for Medical Assistance or MinnesotaCare can enroll year-round. As of May 2014, 95 percent of Minnesotans have health coverage - the highest percentage in state history.