If you were enrolled in benefits through Covered California, you will receive Form 1095-A. This form will include the amount of coverage you had, any tax credits you were entitled to and if you used them to pay for your health insurance, and the amount
you paid for coverage. You can use this information to adjust any tax credit payments and claim any premium tax credits that may be due.
Forms 1095-B & 1095-C
If you purchased insurance directly through an insurance provider, or if you were enrolled in benefits through an employer, then you will receive Form 1095-B. This form includes the type of coverage you had, what dependents were covered under your plan
(if applicable), and the period of your coverage. If you were enrolled in benefits through an employer with 101 or more employees, then you will also receive Form 1095-C from your employer. This form will provide information on the coverage your employer
offered, and whether or not you enrolled in that coverage.
“If you have questions about the forms you receive, you should contact the issuer of the form,” advises Smith. For more information, you can check out these 1095 tips.
The IRS also has helpful information on their website.
In the State of California, all residents are required to have minimum essential health coverage. If you do not have health coverage, then you will be charged a state tax penalty when filing your taxes.
"If you aren't currently enrolled in coverage, you may qualify for a Special Enrollment Period that would allow you to get coverage," advises Smith. "Sharp Health
Plan offers financial help with Covered California plans as low as $0 a month, based on eligibility." For more information, visit CoveredCA.com.