The Centers for Medicare & Medicaid Services has posted two fliers about how the Patient Protection and Affordable Care Act may affect your 2014 income taxes.
One flier, aimed at people who have PPACA public exchange plan coverage, features a smiling man in a purple jacket.
In that flier, CMS advises consumers to look for Form 1095-A in the mail. Form 1095-A is the form an exchange is supposed to give information about members of a household who used exchange coverage in 2014, the amount of monthly premiums the household members paid for coverage, the benchmark premium level used to compute any premium tax credits, and the amount of PPACA premium tax credit money paid to exchange plans on the household members' behalf.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
