turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Neika511
New Member

Medicaid and marketplace insurance taxes

I had Medicaid for half the year and then had to purchase insurance through the marketplace because I made too much money. I received a 1095 A for the marketplace insurance but nothing for Medicaid. When I try to file my taxes, it says I owe money for not being covered? How can I show that I was covered all year? Thank you. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
BrittanyS
Employee Tax Expert

Medicaid and marketplace insurance taxes

The balance due would be from a payback of an overpaid credit received during the year.  The 1095-A form helps report coverage of any advanced tax credit payments received.  The payments received is based on what you estimated as your income for the year.  The premium tax credit is calculated based on your actual income during the year.  If your income exceeds the estimated amount given when you sign up for your Marketplace plan you will be required to pay back the overage received for the credit.

 

For more information on the 1095-A form, see the links below:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question