topic Where do I document my out of pocket health insurance premiums bought on a state exchange. TurboTax says not to include it in the medical expense section. No 1095-A in Get your taxes done using TurboTax

Where do I document my out of pocket health insurance premiums bought on a state exchange. TurboTax says not to include it in the medical expense section. No 1095-A

Anonymous — Thu, 19 Mar 2020 17:48:44 GMT

Re: Where do I document my out of pocket health insurance premiums bought on a state exchange. Tu...

MarilynG1 — Thu, 19 Mar 2020 18:23:12 GMT

Yes, you would deduct Health Insurance Premiums in the Medical Expenses section, under Deductions & Credits.

However, if you are not Itemizing Deductions, this won't help you.

If you don't have a 1095-A to enter, you should contact your Plan Administrator, or see if you can get one online, as the IRS may request a copy from you.

If you are Self-Employed, click this think for info about Self Employed Health Insurance.

Re: Where do I document my out of pocket health insurance premiums bought on a state exchange. Tu...

Anonymous — Sun, 22 Mar 2020 13:27:12 GMT

I contacted my Health Exchange in Colorado and they said I won’t get a 1095-A because we had a Catastrophic Health Plan. It’s ACA compliant purchased thru the exchange.

Re: Where do I document my out of pocket health insurance premiums bought on a state exchange. Tu...

CatinaT1 — Sun, 22 Mar 2020 17:35:40 GMT

Your 1095A comes from www.healthcare.gov. Log into your account and print from there.

Re: Where do I document my out of pocket health insurance premiums bought on a state exchange. Tu...

Anonymous — Mon, 23 Mar 2020 22:30:10 GMT

Nope. I contacted my exchange and they won't issue one. As I stated, if you have a catastrophic ACA plan, which is basically a price break on bronze plans, you won't have a 1095-A issued. So I have a QHP from the exchange and won't be getting a 1095-A. Turbotax says not to put it under health care premiums if it is an ACA plan.

Re: Where do I document my out of pocket health insurance premiums bought on a state exchange. Tu...

AmyC — Mon, 23 Mar 2020 22:52:30 GMT

Enter deduction as through regular medical expenses, here is why:

The purpose of entering the 1095-A is to determine the correct amount of premium tax credit you received versus what you qualify for.
Since you did not receive federal assistance with your health insurance payment, then you would not need to enter the form 109-A.
Because it is not on a 1095-A- with federal assistance, go ahead and enter your expenses in the medical section as if it is not Obamacare - tax credit related.

Questions and Answers on the Premium Tax Credit | Internal ...

What is the ACA's catastrophic plan and who is eligible ...

Re: Where do I document my out of pocket health insurance premiums bought on a state exchange. Tu...

Anonymous — Fri, 27 Mar 2020 03:39:31 GMT

Thank-you for the explanation for what I expected I would need to do. It's nice to hear it from an expert and not having to assume it was the right way to do it.

Thanks again.