1095-A or 1095-B???

[ajolder]

TT states: If you have an Affordable Care Act plan, you should have received a 1095-A.  It then asks you to check Yes or No regarding whether you received a 1095-A. Well I did not receive a 1095-A.  However, I did receive a 1099-B.  So, I check No and that sort of ends the analysis and data input to TT.  My concern is:  I am in the Essential plan through the New York State of Health which has strict income requirements.  I’m shocked there is no cross check to confirm I in fact did not exceed the income limits to obtain the Essential plan low insurance rates.  Am I worried about nothing?  Or, is there a flaw in the TT presentation here? 

[Critter]

When you file your NY return they will find out how much you made ... it is not part of the income tax interview. 

[ajolder]

Thanks Critter.  This raises a host of other questions.  I'm not over the maximum income allowed for the reduced insurance rates but let's assume I was. The premium penalties (i.e, increased rates) are severe. In your scenario then, how would NY State then recoup the shortage in premium?  I would have expected the "check" to be right in the tax filing process itself.... not behind the scenes, after the fact.

[Critter]

You will need to ask the state.