If you’re still waiting for your year-end report from MNsure — the health insurance marketplace for Minnesota – you’re not alone. Twin Cities news outlets reported Wednesday (3/9) that a little less than 18,000 MNsure clients still don’t have the 1095-A certifications of insurance, which should have been mailed by Jan. 31.
MNsure’s CEO did say – but could not guarantee – that all forms will arrive before the April 18 deadline for filing taxes. However, some will not make it by March 15, a much more comfortable date for preparing returns. MNsure has delivered close to 62 percent, or 47,000 forms.
The 1095-A is important for tax returns of MNsure clients and others who bought insurance last year on federal or state marketplaces. It confirms coverage and also reports any federal aid received for paying premiums.
What should you do if it hasn’t arrived? This may be inconvenient, but the Internal Revenue Service says “Wait.” Don’t file your tax return without the information on it. That might mean filing tax extensions instead of fully completed returns.
Allison O’Toole, MNsure’s top executive, said next week she plans to release advice for any clients who haven’t received forms.
For help navigating difficult tax situations, contact Eric at EricJohn Ltd. He’s an Enrolled Agent certified by the IRS.