Be careful if you receive 1095A's and the participant's are covered by different plans. The amount in column B may be the total of both policies SLCSP and not just each plan separately. If you just enter the info from 1095A into tax software, you may get wildly inaccurate results. I had one like this last year from MI and thought it was just an error in the fed/state partnership exchange that MI has. First one this year from IN (totally a federal exchange) is also doing it. For example, parent and college student are both under the parent, but chose different plans. Both 1095-A's have the SLCSP as 850/mo which is the total for the 2 plans, not for each one.
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Wonderful....... -
It seems right to me.
It is supposed to have the SLCSP for the ENTIRE FAMILY (that is not eligible for other insurance, such as an employer or Medicaid), not just the person that is covered.
However, your tax software should not be adding the SLCSPs together (unless the 1095-As are from different States). It should only be using the one number.Comment
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Correct. Pro is adding the amounts from 1095's and I'm guessing at least some other programs are also, as that was the correct way for 2014. . I'm sure the software will be reprogrammed to account for the new way 1095's are reported, but it's still a good idea to understand how it all works rather than solely relying on software.Originally posted by TaxGuyBill View PostComment
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