Questions

Medicaid does not require a 1095 form. If you had coverage all year, simply mark the corresponding line on your 1040 (line 61 on traditional 1040).

Savings aren’t counted when determining Medicaid or Cost Assistance. Inheritance tax is typically paid by the estate. In cases where you owe state inheritance taxes those are specifically excluded and cannot be claimed as a deduction.

They should enroll before the 15th of the month before the month they want coverage to start. Losing coverage on a family plan triggers a 120 day special enrollment period starting 60 days before they lose coverage.

Coverage through a University counts as Minimum Essential Coverage, meaning you won’t owe the fee for the months you have that coverage.

In 2015 coverage, the annual fee is $325 per adult and $162.50 per child (up to $975 for a family); or 2% of your taxable income, whichever is greater. The monthly fee is 1/12 of the total fee excluding the months you have exemptions for.

From looking at the website it looks like Simnsa does offer Minimum Essential Coverage as it seems to meet benefit and cost sharing requirements.

People with access to coverage to Medicare, either due to disability or age, are not eligible for cost assistance through ObamaCare.

When you see a health insurance premium amount on the Marketplace, it’s almost always per-month and not per-year.

CHIP counts as Minimum Essential Coverage and therefore meets ACA guidelines.

Student loans aren’t counted as taxable income (as you pay them back). This means student loans don’t count toward ObamaCare cost assistance, but interest may.

Marketplace coverage is reported to the IRS when the Marketplace files a 1095-A form on your behalf.

If you are unemployed and will have no income you are exempt from the fee, but may be eligible for free or low cost coverage through Medicaid.

If you are over 65, and do not qualify for Medicare, you can buy Marketplace insurance and get cost assistance.

You don’t really opt-out of Obamacare, but you have lots of choices. No plan should cost more than 9.5% of your income with cost assistance.

Deductibles are lowered by Cost Sharing Reduction subsidies, on Silver plans only. You’ll pay out of pocket for all care not subject to a copay before you meet your deductible.

If you had coverage during the year, then lost it and didn’t get covered again, you do owe the fee. That being said there are a number of exemptions you can apply for.

You can download the 1040 Schedule A Itemized Deductions form from the IRS here.

No one has to take employer coverage. But if you have access to affordable employer coverage you can’t get cost assistance on the Marketplace.

If you have no job and no money you qualify for Medicaid in many states. In some states you may not have coverage options due to the “Medicaid Gap”.

ost assistance is based on income. As a self-employed individual you can write off 100% of your premiums (including dental and long-term care coverage) from profits.

You do qualify for the exemption for being out of the country for more than 330 days. When you move back it will trigger a 60 Special Enrollment Period

Having two applications won’t be a big deal in most cases. You can simply call HealthCare.Gov and have them help you cancel the additional application.

ObamaCare covers maternity care as an essential benefit, but there is no provision in ObamaCare that affects Maternity leave.

Consulte la página cuidadodesalud.gov sobre la inmigración.