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Video instructions and help with filling out and completing Can Form 1094 B Dont

Instructions and Help about Can Form 1094 B Dont

Hi everyone, welcome back to my channel. Today, I would like to talk about Form 1095-a. I will address questions such as: what is Form 1095-a, what is Form 1095-B, what is Form 1095-C, and what is the difference between these forms? Why am I getting this form? What should I do with Form 1095-a? What should I do if I didn't receive the form? What if the information on this form is incorrect? How do I update the incorrect information on Form 1095-a? And how do I get this form overall? I will be addressing all of these questions, so let's get started. We'll address each question one by one. Let's start with what is Form 1095-a. If you were enrolled in a health plan through Covered California or in a marketplace in other states, then you will receive Form 1095-a for tax filing purposes. Form 1095-a is generated for each enrolled plan, regardless of whether the advanced premium tax credit was applied. The amounts displayed on Form 1095-a reflect how much was paid to the Covered California health insurance companies to help with the cost of a consumer's health coverage. Form 1095-a helps ensure that the amount of the advanced premium tax credit applied is accurately reported and serves as proof of minimum essential coverage. The amount paid was based on the income information and household size provided at the time of application. If your income changes, you may have to pay too much or too little for your health coverage. If you enrolled in a health plan through Covered California but did not receive financial help, you will still receive Form 1095-a to show the months you had health insurance to cover California and to avoid paying the tax penalty. Before going any further, I would like to mention that I am mostly...