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Health Insurance Marketplace Statement required for tax filing this year (1095_A)

Things you should know
  • Your 1095_A should arrive in the mail in early February. If you want it before then, log on to Healthcare.gov and print out a copy from your account page.
  • You may receive more than one 1095_A. Keep all of the forms for tax filing purposes.
  • If you received health insurance coverage via your employer for part of last year and were on the exchange for even a few months, you will still receive a 1095_A.
  • You can no longer file a 1040EZ if you received subsidized healthcare. You’ll need to fill out a longer form instead.

Idaho 1095_A

There’s a new tax form you’ll need this year if you got insurance through the exchange marketplace in 2014.

Those who received insurance premium assistance will receive a statement (form 1095_A) that needs to be included in tax filing for the year 2014.

The form is a statement of benefits received (called premium assistance or premium tax credits) and indicates what your insurance premium was for 2014 and how much assistance the government provided.

While Idaho is running its own insurance exchange for 2015 through Your Health Idaho, the state participated on the federal marketplace via Healthcare.gov for 2014.

The following is from the Healthcare.gov blog:

Form 1095-A and your tax return

If you or anyone in your household enrolled in a health plan through the Health Insurance Marketplace in 2014, this tax season you’ll get a new Form 1095-A — Health Insurance Marketplace Statement. You’ll get it in the mail by early February and use it to file your 2014 federal income tax return. Keep it with other important tax information, like your W-2 forms and other tax records.

When you get Form 1095-A, make sure the information matches your records. Check things like coverage start and end dates and the number of people in your household. If you think anything’s wrong, contact the Marketplace call center at (800) 318-2696.

What’s on Form 1095-A?

  • Information about anyone in your household who enrolled in a health plan through the Health Insurance Marketplace for 2014.
  • Information about the monthly premiums you paid to your health plan.
  • The amount of any advance payments of the premium tax credit that were paid to your health plan in 2014. These are the credits that lowered what you paid in monthly premiums.
  • The cost of a “benchmark” premium that your premium tax credit is based on. You won’t get this form if you have health coverage through a job or programs like Medicaid, Medicare, or the Children’s Health Insurance Program (CHIP). You may get more than one Form 1095-A if anyone in your household switched plans in 2014 or reported life changes. You’ll get a Form 1095-A even if you had Marketplace coverage for only part of 2014.

You can download copies of Form 1095-A through your Marketplace account where they may be available before you get your copy in the mail.

Need help? For more information about how health coverage will affect your taxes, visit HealthCare.gov/taxes/. Or click here.

 

 

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Hospital presents county with check for $19,537

Bob Benedict presents check

Teton County Commission Chairman Bill Leake, right, accepts a check from Teton Valley Health Care, Inc. Board Chair Bob Benedict during a county commission meeting in January 2015.

During a regular meeting of the Board of County Commissioners Monday, Jan. 26, Teton Valley Health Care leaders presented a check for $19,537 for the county coffers.  The payment comes as part of a lease agreement of the hospital facilities between the county and TVHC, Inc. and represents 5 percent of TVHC’s net operating profit for fiscal year 2014, which ended Sept. 30, 2014.

Commissioner Kelly Park noted the significance of the moment by reflecting that several years ago, our county was “at risk of losing our community hospital” due to serious financial challenges.

The irony of the situation was not lost on Bob Benedict who currently serves as Chair for the TVHC Board of Directors. Bob was a County Commissioner during the hospital crisis when the BOCC took over the governance of the facility and supervised the subsequent restructuring of hospital administration and the business model.  Over two years ago, TVHC moved from a county-owned business to a private nonprofit healthcare organization, effectively protecting the county from hospital financial liabilities and removing the burden of tax support from residents.

Bob expressed gratitude for Teton County taxpayers who helped pass two supplemental levies in 2008 and 2010 to boost TVHC out of near bankruptcy, saying that TVHC has survived due to community support.

CEO Keith Gnagey provided updates on other contractual terms including the annual lease payment of $70,000 and an agreement that TVHC maintain and improve the county-owned plant each year by investing in repairs and new equipment.  The amount required per that equation in FY 2014 was $416,149.25. Year-end audited financials showed that TVHC made over $751,000 in improvements or 180 percent of the requirement.

“It was absolutely my pleasure to give this check to our county and to have the opportunity to thank our taxpayers and everyone who worked so hard to make this possible,” said Bob Benedict after the BOCC meeting.

“Every year presents new challenges for rural hospitals, both anticipated and unanticipated,” adds Gnagey.  “We hope that we’re in a position next year to again present a check to Teton County.”

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Hospital offers free service to help identify enterovirus

If you’re concerned that your child may be infected with enterovirus D68, Teton Valley Hospital is now offering free pulse-oximetry testing.

Pulse-oximetry tests can show whether or not an individual is able to breathe sufficient amounts of oxygen.  A key symptom of enterovirus D68 is a compromised respiratory system. Some children who contract this virus will require hospitalization or emergency care to support their oxygen intake.  Children who have asthma or allergies are particularly at risk.

Teton Valley Hospital wants to help identify enterovirus-related respiratory ailments before they become serious.  If your child has symptoms of a cold (runny nose, coughing) and you believe they may have contracted the virus, please bring your child to our hospital for a free quick, painless test.

If your child is suffering from a seriously compromised respiratory illness, it will be necessary to deliver further medical treatment.

Simply come to our hospital admissions area at any time of the day or night for a free pulse-oximetry test.  Meanwhile, we urge everyone to follow preventive care measures to reduce the impact of the virus.  Please note that pulse-oximetry tests cannot diagnose E-D68.

For more information on this free test, call Teton Valley Hospital at (208) 354-2383.

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