How to “reconcile” your premium tax credit on 2017 taxes

Published on February 22, 2018

If you had 2017 Marketplace coverage, you should have already received Form 1095-A in the mail. Make sure your Form 1095-A is accurate before you file your taxes. You’ll use information from this form about
the second lowest-cost Silver Plan (SLCSP)
to complete Form 8962, Premium Tax Credit.
Image: {"Reconcile” on your 2017 taxes}

First: Verify your household and coverage information & SLCSP

To make sure your SLCSP is correct, look at Part III, Column B of your 1095-A, titled “Monthly second lowest-cost Silver Plan (SLCSP) premium.” The SLCSP premium is incorrect if:
  • Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan.
  • You had changes in your household that you didn’t tell the Marketplace about — like having a baby, moving, getting married or divorced, or losing a dependent.
If either applies, use our tax tool to get your SLCP premium.
If anything about your coverage or household is wrong on your Form 1095-A, contact the Marketplace Call Center.

Second: “Reconcile” on your taxes

Now that you know your Form 1095-A is accurate, you’re ready to file. If you had a Marketplace plan and used
advance payments of the premium tax credit (APTC)
to lower your monthly payment, you’ll have to "
" when you file your federal taxes.