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ldic
New Member

Had marketplace and employer's insurance at the same time.

I thought my mom had cancelled my marketplace Obamacare/medicaid insurance when I signed up for my employer's insurance.  But that was not the case, hence I had 2 insurances for the entirety of 2022. 

I already cancelled the marketplace one in Nov but I am not sure if there is anything I need to do or how to approach tax filing.

Thanks!

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1 Reply
BrittanyS
Expert Alumni

Had marketplace and employer's insurance at the same time.

You will need to report you had marketplace insurance on your tax return.  You will need your 1095-A form, Health Insurance Marketplace Statement.  By entering the 1095-A, any adjustments that need to be made to the premium tax credit will be reconciled.

 

To enter the 1095-A in TurboTax, follow these steps:

 

  1.   Click Deductions and Credits on the left side panel
  2. Scroll down to Medical and click show more
  3. Click start by Affordable Care Act (1095-A)
  4. Enter information as it appears on your 1095-A

 

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