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Level 1
posted Sep 25, 2024 9:15:05 AM

What happens if a marketplace 1095A Statement is not corrected by the tax deadline?

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2 Replies
Employee Tax Expert
Sep 25, 2024 9:31:46 AM

Hi,

 

Here is an IRS link that provides some questions and answers regarding what happens if you 1095-A is not accurate, and you have not received the corrected form yet:

IRS Health Insurance Marketplace statements 

 

You need to inform the state or federal marketplace from which you have coverage. The marketplace will likely need to send you a corrected Form 1095-A.

 

Once you receive a corrected or voided Form 1095-A, you will likely need to amend your tax return.  

 

Here are some TurboTax steps regarding how to amend your tax return:

TurboTax: How to File an Amended Tax Return with the IRS 

Level 1
Sep 25, 2024 10:13:12 AM

Hi Jack,

 

Thank you for your response to my question. I have contacted the Health Insurance Marketplace via correspondence in July 2024 and informed them that it was incorrect as my spouse passed away last year.  I was told it could take 45 days to issue a correct 1095A. Sounds like I am punished for someone else mistakes. I also have to fill out another tax form 8962 to file as the name listed on the 1095-A Statement is spelled incorrect.