Will Health Care Reform have any effect on my tax filings?
Beginning with your 2014 tax filing (that is filed by April 15, 2015), all individuals will have to report information about their health insurance coverage to the Internal Revenue Service (IRS). What you report will depend on whether or not you were covered in 2014, what type of coverage you had (individual, employer-sponsored, or government program), and how many months of the year you had the coverage.
The information you report on your taxes will help determine if you are required to pay a penalty, are eligible for a subsidy, or are exempt from coverage.
For more answer to you questions contact E&S team
juan.espinosa@es-insurance.com
www.es-insurance.com
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