Daily Archives: August 29, 2014

Receiving an Obamacare Subsidy? Lookout for form 1095-A

Form 1095-A: New challenge for HealthCare.gov: Tax forms – Yahoo Finance.

The forms are called 1095-As, and list who in each household has health coverage, and how much the government paid each month to subsidize those insurance premiums. Nearly 5 million people have gotten subsidies through HealthCare.gov.

If the forms are delayed past their Jan. 31 deadline, some people may have to wait to file tax returns — and collect their refunds.

A delay of a week or two may not sound like much, but many people depend on their tax refunds to plug holes in family finances.

I feel comfortable predicting some level of chaos. I find it hard to believe that the Department of Health and Human Services, or the state exchanges, are going to suddenly start operating like a well oiled machine when it comes to sending out 1095-A forms.