It’s Tax Time !!!

Reminder: For every year that you get an Advanced Premium Tax Credit or a ConnectorCare Plan from the Health Connector to lower your monthly health insurance premium, you will need to make sure you take the following steps:

  • File a Federal income tax return.
  • Include information on IRS Form 8962 when you file your taxes.
  • File taxes jointly, if you are married. The only exceptions to this are if you are the victim of domestic abuse or abandoned by a spouse, or if you file taxes as Head of Household.

By following these steps, the IRS can make sure that you got the right amount of tax credit applied to your monthly premium during the year–not too little and not too much. If you do not file your taxes, and complete IRS Form 8962, you may lose your premium tax credits that lower your monthly premium in the upcoming year.