Is marketplace health insurance the same as Medicaid?

baker1990- — Wed, 11 Feb 2026 04:51:15 GMT

Re: Is marketplace health insurance the same as Medicaid?

dmertz — Thu, 01 Feb 2024 13:08:32 GMT

No.

Re: Is marketplace health insurance the same as Medicaid?

LindaS5247 — Thu, 01 Feb 2024 21:48:59 GMT

No it's not.

The "Marketplace" is the government's term for the online insurance markets or "exchanges" set up under the law commonly known as Obamacare. Only people who buy coverage through the Marketplace are eligible for the premium tax credit.

If you bought your plan there, you should get a Form 1095-A, also called the "Health Insurance Marketplace Statement." The IRS also gets a copy of the form. The form provides information about your insurance policy, your premiums (the cost you pay for insurance), any advance payment of premium tax credit and the people in your household covered by the policy.

Insurance companies in health care exchanges provide you with the 1095-A form. This form includes:

Your name
Amount of coverage you have
Any advance payment of tax credits you used to pay for your health insurance

You use this information to complete your income tax filing, adjust any tax credit payments, claim any premium tax credits that may be due and calculate any of the tax credit that you are required to pay back if you received too much advance premium tax credit during the year.

jacobs200 — Sat, 03 Feb 2024 09:56:05 GMT

topic Is marketplace health insurance the same as Medicaid? in Get your taxes done using TurboTax

Is marketplace health insurance the same as Medicaid?

Re: Is marketplace health insurance the same as Medicaid?

Re: Is marketplace health insurance the same as Medicaid?