Health Insurance Form Massachussetts Tax

The health insurance responsibility disclosure hird form is a state reporting requirement in massachusetts which launched in 2018.

Health insurance form massachussetts tax. The hird reporting is administered by masshealth and the department of revenue dor through the masstaxconnect web portal. The hird form collects employer level information about your employer sponsored insurance esi offerings. This is how you ll reconcile find out if there s any difference between the premium tax credit you used and the amount you qualify for. The massachusetts health care reform law requires that most residents over 18 who can afford health insurance have coverage for the entire year or pay a penalty through their tax returns.

The form will show coverage details such as the effective date amount of the premium and the advance payments of the premium tax credit or subsidy. If you had marketplace coverage but didn t take advance payments of the premium tax credit. Some people who get the federal 1095 b form do not need to get the ma 1099 hc. Penalties add up for each month you don t comply but there is a grace period that allows lapses in coverage of 3 or fewer consecutive months.

Form 8962 premium tax credit if you had marketplace insurance and used premium tax credits to lower your monthly payment you must file this health insurance tax form with your federal income tax return. You ll use information from your 1095 a to fill out form 8962 premium tax credit pdf. Below is a description of the three tax forms who sends them and what customers should do with them. Customers are required to report their health coverage on their federal income taxes each year.

Massachusetts residents and some part time residents must file schedule hc with their state tax returns. If you or your family had coverage through a marketplace the marketplace will send you information about the coverage on form 1095 a. 1095 a b c. Like the federal 1095 b form the 1099 hc shows each month you had masshealth coverage in 2019.

Massachusetts requires most adults 18 and over with access to affordable health insurance to obtain it. You ll use this form to reconcile to find out if you used more or less premium tax credit than you qualify for. The type of health coverage a customer had last year will determine what type of tax form they get. For your state income tax return.

1099 hc the 1099 hc form is a massachusetts tax document which provides proof of health insurance coverage for massachusetts residents. If the 1099 hc was not in your envelope you do not need it to fill out your state income tax return. This form reports information regarding your health insurance coverage during the year. Health insurance tax forms.

Every commonwealth of massachusetts resident who has health insurance will receive a 1099 hc form. You have 63 days to acquire coverage if you ve recently moved into the state.