topic Re: Question about ACA catastrophic plan in Get your taxes done using TurboTax

Question about ACA catastrophic plan

Andrew2008 — Mon, 23 Feb 2026 12:39:56 GMT

Last year I had a catastrophic plan through the federal marketplace, which I paid for out of pocket. Today when I began getting my taxes squared away, it asked if I had ACA coverage for 2022, so I clicked yes. I'm currently on the "tax breaks" page, where I have two sections. One is for "medical expenses", which explicitly says not to include premiums for an ACA plan. The other is the section entitled "Affordable Care Act (Form 1095-A)"

The thing is, I don't think I get a 1095-A for a catastrophic plan, even though it's ACA compliant. So I'm not sure how I enter the premiums that I paid in 2022. How do I enter these premiums? Also, is there any point in doing so? Would I even get any sort of break from it?

Thanks!

Re: Question about ACA catastrophic plan

TeresaM — Mon, 13 Feb 2023 16:13:46 GMT

Because the Premium Tax Credit does not apply to ACA Catastrophic Plans, it does not issue a Form 1095-A. You can answer "No" to the question if you received the form.

Unless you bought the health insurance for your business, or are itemizing your deductions, entering the premiums should not impact your taxes.

Re: Question about ACA catastrophic plan

Andrew2008 — Mon, 13 Feb 2023 16:45:35 GMT

Alright, thank you so much for your answer! Would it be worth it to itemize or not?

Re: Question about ACA catastrophic plan

TeresaM — Mon, 13 Feb 2023 17:13:54 GMT

Medical deductions do not begin to count toward your itemized deduction until they are more than 7.5% of your Adjusted Gross Income. Unless you have overwhelming medical bills or are itemizing for other deductions, such as mortgage interest or state and local taxes, insurance premiums do not usually impact your return.

In 2022 the standard deduction is $12,950 for single filers, $25,900 for joint filers or $19,400 for heads of household.

You would need to have itemized deductions of more than that to change your tax liability.

Re: Question about ACA catastrophic plan

Andrew2008 — Mon, 13 Feb 2023 17:23:08 GMT

That's what I was thinking. Thanks!