There have been many reports about incorrect 1095A forms being sent out. The 1095A (the Health Insurance Marketplace Statement), is the form that the government sends you if you enrolled in an Obamacare plan last year, and is your proof of insurance. This form is necessary in order to fill out your 8562 worksheet on your 2014 tax form. For more about the 1095A, go here and here .
Considering that only 6.7 million people enrolled in and paid for an Obamacare plan in 2014 (after adjusting for counting dental plans), it’s pretty terrible that the Administration sent out about 820,000 incorrect 1095A forms; that’s about 12-13% of all enrollees.
The original forms were supposed to arrive in everyone’s mailbox by January 31st (like W-2s and 1099s), but then the Administration pushed that arrival date into the first week of February. Now we are in the 3rd week of March. All the people who have incorrect 1095As have been delayed in filing their taxes.
But, a correction is near!
“Federal officials said on a Friday press call that about 740,000 corrected forms have been mailed out or can be downloaded from the HealthCare.gov site. About 80,000 corrected forms will be mailed and available online next week, they said.
Consumers who already filed their tax returns using the incorrect forms provided though state or federal exchanges won’t be required to file amended forms, and the Internal Revenue Service won’t assess additional taxes, said Mark Mazur, the Treasury Department’s assistant secretary for tax policy.
The Obama administration may re-evaluate filing extensions because of the incorrect forms, but at this time, April 15 is the end of tax-filing season based on statute, officials said.”
So all these people have had to wait an additional 7-8 weeks for a correct 1095A form that they are required by the federal government to have in order to correctly calculate their “Premium Tax Form” (Form 8562) on their 2014 taxes, because the federal government screwed up their forms in the first place. Now they have to scramble to finish their taxes by April 15th.
Good luck to the Obamacare victims.