Which form must be filed to report health insurance coverage obtained through the health insurance marketplace?

• A. Form 1040
• B. Form 1095-A
• C. Form 1099
• D. Form W-2

Answer: (B)

Form 1095-A is specifically designed to report information related to health insurance coverage obtained through the health insurance marketplace. This form provides crucial information about the coverage you had during the year, including the months you were covered, the premium amounts, and the designation of any premium tax credits you may qualify for.

When you purchase health insurance through the marketplace, you will receive Form 1095-A, which you will need to include when filing your taxes. This form is essential because it ensures that individuals can accurately report their health coverage to avoid potential penalties, and it also aids in calculating the premium tax credit if you are eligible.

In contrast, the other forms mentioned serve different purposes. Form 1040 is the main tax form used to file individual income tax returns, Form 1099 is generally used to report various types of income other than wages or salaries, and Form W-2 reports wages and tax withheld from employees. Hence, Form 1095-A is the necessary form for reporting marketplace health insurance coverage.