Form #8962  Premium Tax Credit 

is used to reconcile the APTC Advance Premium Tax Credit – subsidy with your IRS # 1040.

If you got too high a subsidy or too low, it gets finalized at tax time. If your subsidies were too high you may have to pay penalties.  See form 2210 Underpayment of tax and the instructions for more details.   

Instructions  HTML  *  pdf  *

but first you need the    Proof of Coverage Form 1095 A from Covered CA

and  B  if applicable – like if you had Covered CA part of the year and other coverage the rest of the year, from an Insurance Company, Government – Like Medicare or Medi-Cal or your Employer.

IRS Instructions to file the RIGHT forms, if there are ANY issues or problems —- IRS —  Affordable Care Act Tax Provisions

When you are done completing # 8962, enter the calculation on line 46 and/or 69 of 1040 form.

2018 Schedule 1  Additional Income & Adjustments to Income

Explanation of differences in new 2018 tax forms

Do you think this process is complicated?  See what my CPA thinks.

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Steve Shorr - Covered CA Certified Agent - Appoint Us - Instructions  No Charge for Complementary Year Around Service - Same price as Covered CA or Direct with Insurance Company


Travel Insurance

InsuBuy International Medical Coverage – Instant Quotes & Enrollment


Kaiser Permanente Reminder & FAQ’s to do 2014 Taxes

Will Donald’s Executive order of 1.20.2017 eliminate having to pay back any excess APTC?  Blog Insure Me 1.23.2017

How to fill out the exemptions part?

2017 Report on how well the IRS did on Verifying PTC Premium Tax Credits for the 2016 Tax year

Summary from Insure Me

GAO Report to Congressional Committees 7.2017 81 pages  *  Summary – Modern Health Care


Molina Health Care reports that the IRS states that 57% of tax payers  may lose the credits as they haven’t filed form 8962 or filed their taxes! Email dated 7.30.2015   IRS   New York Times 8.4.2015

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