Important Centers for Medicare and Medicaid Services (CMS) Tax Related Announcements
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Important Centers for Medicare and Medicaid Services (CMS) Tax Related Announcements

This morning the Centers for Medicare and Medicaid Services (CMS) shared three important tax-related announcements we want to pass along to you.Special Enrollment Period
CMS announced a Special Enrollment Period (SEP) for individuals who were unaware of the requirements for enrollment in a health coverage plan that qualifies as minimum essential coverage and who were required to pay the individual shared responsibility payment on their 2014 tax return. The SEP allows taxpayers the opportunity to enroll in health coverage through the Federal Marketplace from March 15 to April 30, 2015.To be eligible for the SEP, taxpayers must:
  • Live in a state with a Federally facilitated Marketplace
  • Not be currently enrolled in a health plan purchased through the Marketplace
  • Have paid the individual shared responsibility payment on their 2014 tax return
  • Attest that they first became aware of the shared responsibility payment after the end of the open enrollment period (February 15, 2015)
Click here to read the full press release from CMS.Incorrect Form 1095-A
Some individuals who were covered by a Marketplace plan for 2014 may have received an incorrect Form 1095-A from CMS. The incorrect Forms 1095-A listed an incorrect second lowest cost Silver Plan (SLCSP) or benchmark plan which could cause incorrect calculations of the Premium Tax Credit on Form 8962. Corrected Forms 1095-A will be sent out in early March 2015. Individuals can find out if their Form 1095-A is affected by visiting their account atHealthCare.gov. Taxpayers with an incorrect Form 1095-A should wait to receive the corrected form before filing their 2014 tax return, or use the tool on the website to determine the SLCSP. For those who have already filed their taxes using the incorrect Form 1095-A, the Treasury Department will provide additional information soon. To access the tool to determine the SLCSP, click here.Click here to read the CMS blog post concerning incorrect Forms 1095-A.Exemption Tool
To help taxpayers determine if they qualify for an exemption, CMS has launched a health coverage exemption tool at HealthCare.gov. This tool will give results for both exemptions granted from the Marketplace and for exemptions that should be claimed on the tax return.Click here to access the Exemption Tool.

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