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HEALTH INSURANCE REPORTING FOR 2014 INCOME TAX RETURNS

| Alerding Alerts

Starting in 2014, every individual and each member of your immediate family must have qualifying health insurance or pay a penalty when filing federal income tax returns.  Qualifying coverage includes employer-sponsored plans, coverage obtained through the Marketplace, or coverage through most government-sponsored programs.   You must have coverage every month during the calendar year.   Individuals enrolled in health insurance coverage through the Marketplace Exchange should receive a copy of Form 1095-A reporting 2014 coverage on or before January 31, 2015.  Be sure to include information regarding your family health insurance coverage when providing your 2014 tax documents to your Alerding CPA Group tax advisor.

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