Even if you are not eligible for the Premium Assistance Credit everyone is required to have health insurance overage and there could be a penalty imposed for not having coverage.
Even if you have coverage you will need to report that fact on your Form 1040 and are required to do extra reporting on your return as a result of the legislation. Your employer and/or insurance provider will be sending you a required government report which you will need to provide to us in order to properly prepare your return. You will receive an IRS Form 1095-A if you receive your insurance coverage though the government marketplace. If you have private insurance you will receive an IRS Form 1095-B from your insurance company. If your employer has a health insurance plan you will receive an IRS Form 1095-C from your employer which informs you of the health insurance offer and the coverage received if any.
