Individuals should sign up by Jan. 31 to avoid a costly tax penalty.
|Jeff Janosick is part of the #FTMFamily.|
Individuals with income above 100 percent of the Federal Poverty Level (FPL) who fail to enroll in healthcare coverage before Jan. 31, 2016 will be subject to an IRS penalty, including those whose income falls between 100-138 percent FPL and are eligible for the Medicaid expansion. Individuals whose income falls below 100 percent FPL are not subject to the penalty.
Locally, if you need help with your Kynect account or health insurance, contact Jeff Janosick for free assistance at 859-414-0945 or GetMeEnrolled.com
Important tax information
Individuals who qualified for an Advanced Premium Tax Credit (APTC) through kynect will receive a 1095-A tax form in the mail as required by the Affordable Care Act (ACA). Form 1095-A provides information for individuals and families who received payment assistance to help them fill out IRS Form 8962 as part of their federal return.
Individuals with Medicaid, KCHIP, Medicare, catastrophic health insurance or insurance through an employer or other agency do not need Form 1095-A to file their federal income taxes.
Visit https://kynect.ky.gov or call 1-855-4kynect (459-6328) to learn more about affordable health care options for Kentuckians.