SIMPLE. FAST. ACCURATE
Support Center > Knowledge base> Category: Healthcare
Category: Healthcare
16 Articles
Orange arrow What are the statutory exemptions from the requirement to obtain minimum essential coverage?

1570 views
  Religious conscience. You are a member of a religious sect that is recognized as conscientiously opposed to accepting any insurance benefits. The Social Security Administration administers the process for recognizing these sects according to the criteria in the law. Health care sharing ministry. Y...
Posted in: Healthcare

Orange arrow If I think I qualify for a coverage exemption, how do I obtain it?

1640 views
  It depends on the coverage exemption for which you may qualify. The religious conscience exemption and most hardship exemptions are available only by going to the Health Insurance Marketplace (Marketplace) and applying for an exemption certificate. Information on obtaining these exemptions is av...
Posted in: Healthcare

Orange arrow How do I report or claim a coverage exemption on my tax return?

1648 views
  You will have to account for coverage exemptions when you file your federal income tax return. You claim or report coverage exemptions on Form 8965, Health Coverage Exemptions, and file it with your Form 1040, Form 1040A, or Form 1040EZ. These forms can all be prepared and filed electronically. Ho...
Posted in: Healthcare

Orange arrow If I receive my coverage from my spouse’s employer, will I have minimum essential coverage?

1033 views
  Yes. Employer-sponsored coverage is generally minimum essential coverage. (See question 5 for information on specialized types of coverage that are not minimum essential coverage.) If an employee enrolls in employer-sponsored coverage that provides minimum value for himself and his family, the empl...
Posted in: Healthcare

Orange arrow Who is subject to the individual shared responsibility provision?

1805 views
  The provision applies to individuals of all ages, including children. The adult or married couple who can claim a child or another individual as a dependent for federal income tax purposes is responsible for making the payment if the dependent does not have coverage or an exemption....
Posted in: Healthcare

Orange arrow What counts as minimum essential coverage?

2161 views
  Minimum essential coverage includes the following: Employer-sponsored coverage, including self-insured plans, COBRA coverage and retiree coverage Coverage purchased in the individual market, including a qualified health plan offered by the Health Insurance Marketplace Medicare Part A coverage...
Posted in: Healthcare

Orange arrow How do I report that I had health coverage for each month of the year?

2584 views
  If you and all of your dependents had health coverage for each month of the tax year, you will indicate this on your tax return simply by checking a box on your Form 1040. The software will ask you about this in the interview process and will automatically check the box appropriately based on your...
Posted in: Healthcare

Orange arrow What is the individual shared responsibility provision?

2092 views
  Under the Affordable Care Act, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the availability, quality and affordability of health insurance coverage in the United States. Starting in 2014, the individual shared ...
Posted in: Healthcare

Orange arrow If I am exempt from the shared responsibility payment, can I still be eligible for the premium tax credit?

1295 views
  In many cases, yes, but it depends upon the exemption. If you are exempt because you are incarcerated or because you are not lawfully present in the United States, you are not eligible to enroll in a qualified health plan through the Marketplace and therefore cannot claim a premium tax credit for y...
Posted in: Healthcare

Orange arrow Do my spouse and dependent children have to be covered under the same policy or plan that covers me?

1262 views
  No. You, your spouse and your dependent children do not have to be covered under the same policy or plan. However, you, your spouse and each dependent child for whom you may claim a personal exemption on your federal income tax return must have minimum essential coverage or qualify for an exemption...
Posted in: Healthcare

Orange arrow My employer tells me that our company’s health plan is “grandfathered.” Does my employer’s plan provide minimum essential coverage?

1310 views
  Yes. Grandfathered group health plans provide minimum essential coverage....
Posted in: Healthcare

Orange arrow Do I have to be covered for an entire calendar month to avoid the shared responsibility payment liability for not having minimum essential coverage for that month?

1257 views
  No. You will be treated as having minimum essential coverage for a month as long as you have coverage for at least one day during that month....
Posted in: Healthcare

Orange arrow What do I need to do if I am required to make a payment with my tax return?

1144 views
  If you have to make an individual shared responsibility payment, the amount due is reported on line 61 of Schedule 4 for Form 1040 in the Other Taxes section. You only make a payment for the months you did not have coverage or qualify for a coverage exemption. The amount due (if any) is calculated ...
Posted in: Healthcare

Orange arrow What happens if I owe an individual shared responsibility payment, but I cannot afford to make the payment when filing my tax return?

1180 views
  The IRS routinely works with taxpayers who owe amounts they cannot afford to pay. The law prohibits the IRS from using liens or levies to collect any individual shared responsibility payment. However, if you owe a shared responsibility payment, the IRS may offset that liability against any tax refu...
Posted in: Healthcare

Orange arrow If my income is so low that I am not required to file a federal income tax return, do I need to do anything special to claim an exemption from the individual shared responsibility provision?

1303 views
  No. If you are not required to file a federal income tax return for a year because your gross income is below your return filing threshold, you are automatically exempt from the shared responsibility provision for that year and do not need to take any further action to secure an exemption. If you a...
Posted in: Healthcare


Page: 1 of 2