Maddox Insurance Agency
Insurance Agency in Memphis, Tennessee
Main Office
2151 Courtland Place | Memphis, TN 38104
Licensed in Tennessee, Mississippi & Arkansas
The tax filing deadline is April 15, 2024. If anyone in your household had a Marketplace plan in 2023, use Form 1095-A, Health Insurance Marketplace®, to file your federal taxes. You’ll get this form from the Marketplace, not the IRS.
It’s important to review your Form 1095-A and reconcile your premium tax credit because it could impact your refund or the amount of taxes you owe.
If you didn’t get your Form 1095-A in the mail, or you can’t find it, check your Markteplace account.
Check your Form 1095-A to make sure your information is correct. If you can’t find your form or think there’s a mistake, contact the Marketplace Call Center.
If you (or anyone in your household) qualified for or used the premium tax credit to lower your Marketplace plan premium:
If you had Marketplace coverage at any point in 2023 and got the premium tax credit, here’s what you need to know about filing your federal taxes.
This form has important information about the Marketplace plans your household had in 2023.
If you qualified for or used the premium tax credit to lower your Marketplace plan premium:
Get the most out of your Marketplace coverage with answers to some common questions, like how to use your coverage and what’s covered.
• Get more information about using your coverage, like getting regular and emergency care and how to improve your health.
• Learn how to put your health first (PDF, 1820 KB). You’ll find tips on how to find providers and prepare for appointments.
All Marketplace plans cover:
• 10 essential health benefits, including prescription drugs, emergency services, hospitalization, laboratory services, and mental health and substance use disorder services.
• Free preventive health services at no cost to you when delivered by a doctor or provider in your plan’s network.
• Treatment for pre-existing conditions.
• Some prescription drugs. Your plan’s list of covered drugs is called a “formulary.” Find your plan’s formulary by calling Member Services, or review your Summary of Benefits and Coverage.
You’ll usually get the best cost for services when you use “in-network” providers. You may be able to use providers who aren’t in your plan’s network, but you may pay more.
Did someone in your household have a Marketplace plan in 2023? When you file your taxes, you’ll need Form 1095-A, Health Insurance Marketplace® Statement. This form comes from the Marketplace, not the IRS.
It’ll be in your mailbox by early February, or in your Marketplace account now. Get step-by-step instructions to find your Form 1095-A online.
Is it correct? It should include information about any Marketplace plans that members of your household had last year.
If it’s accurate, use the information on your 1095-A form to “reconcile” any premium tax credit you or your household qualified for or used. To reconcile, you compare two amounts: the premium tax credit you used in advance during the year; and the amount of tax credit you qualify for based on your final income.
Find a problem or mistake? Contact the Marketplace Call Center to get a corrected form. Don’t file your federal taxes until you get a corrected version.
Marketplace Open Enrollment for health coverage in 2024 ended January 15. If you missed the Open Enrollment window, you might still have options for health coverage for the rest of the year.
You may qualify for a Special Enrollment Period to get coverage or change plans if:
If eligible, you can enroll in Marketplace coverage for the rest of the year outside the annual Open Enrollment Period.
You can also apply for health coverage through Medicaid or the Children’s Health Insurance Program (CHIP) any time if you’re eligible.
Now that Open Enrollment is over, learn more about coverage options for the rest of the year.
The clock is ticking for you to get health coverage for 2024. Open Enrollment for Marketplace health plans ends January 16. Coverage starts February 1.
Time is running out – your window to apply for, renew, or change your Marketplace plan for 2024 coverage ends on January 15.
If you’re new to HealthCare.gov, create an account and check out some helpful tips about the Marketplace.
Whether you want to keep your current plan or are looking for a new one, it’s important to log in and update any income or household changes so you get the right savings. You may also discover new plans that better fit your needs.
Don’t miss out – make sure you’re covered today.
Insurance Agency in Memphis, Tennessee
2151 Courtland Place | Memphis, TN 38104
Licensed in Tennessee, Mississippi & Arkansas