turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

g-lley25
New Member

What happens if my marketplace insurance covers the majority of the year but I switched/ canceled that and my employer picked up where the canceled coverage left off?

Marketplace covered 9 months and then my employer covered 6 months, so there was an overlap. Do I claim that I was covered for the entire year and how would I do that with a 1095-B and 1099-HC

2 Replies
MarilynG
Expert Alumni

What happens if my marketplace insurance covers the majority of the year but I switched/ canceled that and my employer picked up where the canceled coverage left off?

Indicate that you were covered all year in the Health Insurance section.

When you indicate that you had Marketplace insurance and enter your 1095-A, you might have to pay back part of the subsidy you received. 

On the left-side menu, go to Tax Tools, then Tools.  On the Tools Center pop-up menu, choose View Tax Summary.

Back at the left-side menu, choose Preview My 1040.  Scroll down to Line 46 to see if there is an amount for Excess Premium Tax Credit.

Once you pay for your return, you can see the calculations on Form 8962.

Click the link for more info about the Premium Tax Credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
g-lley25
New Member

What happens if my marketplace insurance covers the majority of the year but I switched/ canceled that and my employer picked up where the canceled coverage left off?

The only problem with that is that I don't have a 1095-A. I only have the 1095-B & C and 1099-HC forms, that is my confusion sorry if I didn't explain that further.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v