Which form is used to report health coverage and exemptions?

The form used to report health coverage and exemptions is Form 1095-A, B, or C. These forms are specifically designed to provide information about the health insurance coverage a taxpayer has, as well as to report any exemptions from the requirement to maintain health insurance under the Affordable Care Act (ACA).

Form 1095-A is used for individuals who purchased health insurance through the Health Insurance Marketplace. It includes information such as the months of coverage and the premium tax credits received. Forms 1095-B and 1095-C are used by insurers and large employers, respectively, to report health coverage provided to employees and certain individuals.

Submitting these forms allows taxpayers to reconcile their premium tax credits and ensure compliance with the ACA’s individual mandate (where applicable). Thus, Form 1095-A, B, or C is essential for individuals to accurately report their health coverage on their tax returns and, if necessary, to claim a premium tax credit.