April 15th is approaching and many of us are in the final stages of filing our 2015 taxes. If you obtained your health insurance through Covered California, California's state exchange, during 2015, you need to give your tax preparer/accountant your 1095-A form. Your tax preparer will than be able to fill out IRS tax form 8962 (which lists the premium tax credit) .

 Those who have obtained health insurance outside the exchange or enrolled in an employer health plan will receive a 1095-B, or a 1095-C form (for employers with over 50 employees), which serves as proof of carrying health insurance. This form should be treated as a tax document but does not need to be filled with your taxes. You need to check a box on your tax form indicating that you carried minimum essential coverage throughout the year. In the event you missed several months of coverage, you need to file IRS tax from 8965.

For more information contact your tax advisor, read the IRS info sheet and my blog.