Am I required to submit Form 1095-A

[SS811]

I get my health insurance from the Marketplace and received a 1095-A Health Insurance Marketplace Statement.  While I pay for my own health insurance, I have also been given an HSA from my previous employer when I retired to reimburse me for that expense.  It is my understanding that I cannot claim the Premium Tax Credit if I am receiving that HSA.  When I enter the information for the 1095-A into TurboTax, it calculates that I will receive a tax credit of around $12,000.  I don't think I am eligible for that tax credit so my question is...How do I enter the insurance info on my taxes without claiming the premium tax credit or do I just ignore that section of the Tax Breaks section?

[DawnC]

No, you have to enter the 1095-A, so don't leave it off.    Did you contribute to a Health Savings Account (HSA) during 2024?   or did you also have a High Deductible Health Plan (HDHP)?   You can own an HSA account; you just can't be covered by an HDHP and also take the Premium Tax credit (PTC).  

[SS811]

No we did not contribute to an HSA.

We had a HDHP using COBRA from a previous employer in Jan+Feb, 2024.  That coverage changed to our Marketplace HDHP plan in March 2024. 

I am trying to enter that information in the "Affordable Care Act - Form 1095A" and I am not finding the correct spot in the software.

Please advise.  Thank you

[MarilynG1]

The 1095-A is entered under Deductions & Credits > Medical > Affordable Care Act.  Enter it exactly as shown on the form.  Leave blank any areas with no amounts (don't enter 0).

If your employer set up an HSA for you and made contributions, (which you withdrew to pay yourself back), go through the 1099-SA, HSA, MSA section also under Medical.  

If you don't have a W-2 from that employer showing HSA contributions, you can enter the amount they contributed in this section.  If you received a 1099-SA, for withdrawals from the HSA,  you can also report it in this section. You'll also indicate what type of HDHP you had and for which months. 

In your case, you won't enter an expense for Medical Insurance/Reimbursement in the Medical Expenses section for an itemized deduction. 

Review Form 8962 that TurboTax prepares after your 1095-A entry for the calculations of the Premium Tax Credit.

Here's more info on How is the Premium Tax Credit Calculated.

[SS811]

When I enter the "Monthly Enrolled Premiums" starting in March, 2024, and I enter 0 in Column B (which is what it says on my 1095-A),  I get an error message that says "Must be greater than $0 ".  I get this same error message if I try to leave Column B or C blank.

I went to the HSA section and I don't have an HSA, MSA or Medicare Advantage MSA  I did not get an HSA from my employer, it is an HRA...are those are two different kinds of accounts?  I don't see any questions related to an HRA in the software.

I looked at the IRS webpage and found this "If you are provided a retiree-only HRA, you cannot claim a Premium Tax Credit for the months you are provided the HRA."

That is the situation I am in but I cannot figure out how to make the software reflect this...

[BillM223]

An HSA and an HRA are two very different things. You don't report anything about your HRA on your tax return.

Now, as to your PTC issue. Give us a sample of columns A, B, and C, from March or any time after your HRA went into effect. Let's see if we can do a workaround.

For example, I once wrote

Here is a possible workaround (no guarantees).

Check the box that you have a 1095-A. Start the interview. When you get to the "Let's get the Info from your 1095-A Form", enter column A as it reads on the 1095-a, but enter columns B as the same dollar amounts as Column A, and enter column C as 0.00 . 

This will set the Premium Tax Credit to zero. 

Of course this may trigger a letter from the IRS (I have no way of knowing), but at least you can answer

that you did this as a workaround on your tax software because you had an HRA and should not have received any PTC. Your change was to ensure the correct tax on your return.

Try doing this columns A and B equal to each other and C as zero for the months you had the HRA coverage and let's see what happens to the PTC.

@StutzmanSveum81 
 

[SS811]

I restarted the 1095-A process

I entered "$1,992.41" for Column A and B

I entered "$0" for Column C

The Total refund actually went up

Then I entered "$0.01" in Column B and that reset my Total refund to the amount before I entered the 1095-A information...so that seems to have worked to reset the PTC to $0.

My Wisconsin refund increased by $50