If anyone in your household enrolled in a health plan through kynect in 2016, your health coverage may affect your income taxes when it comes time to file. This page provides information and tools to help you better understand the steps you need to take to file your tax return.
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You will provide additional information when you file your 2016 federal income tax return
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You may have to complete one or two additional tax forms
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You may have to get a health coverage exemption or pay a fine when you file your taxes
You will receive a 1095-A, Health Insurance Marketplace Statement from kynect if you received payment assistance to help pay your insurance premiums. You will need to file Form 8962 with the IRS.
You will not receive a 1095-A, Health Insurance Marketplace Statement, from kynect and will not need to file Form 8962 with the IRS, if you only received coverage through any of the following programs in 2015:
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Medicaid
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KCHIP
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Medicare
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Catastrophic Health Insurance
If you or another family member received coverage through Medicaid, KCHIP, or Medicare, you will instead receive Form 1095-B, Health Coverage. This Form 1095-B provides information needed to report on your income tax return that you, your spouse, and individuals you claim as dependents had health coverage during 2016. You will not need to fill out Form 8962 for Medicaid, KCHIP or Medicare coverage.
If you or another family member were offered or received coverage through a large employer-sponsored plan, you will receive Form 1095-C directly from your employer.