Nevada Health Link recommends all Nevadans seek help from licensed tax professionals while preparing their 2014 federal income tax filings. The information below is provided to help answer Nevada Health Link customers' questions about tax preparation.

This page includes information about (click to go directly to each section):

Important update on 2014 Coverage Exemptions-System Issues
VITA Tax Resources, Free IRS File
Getting Your 2015 1095-A Form
Getting Your 2014 Form 1095-A
Nevadans Who Wish to File an Exemption from the Tax Penalty in 2014-Non System Issues
Nevadans Who Didn’t Enroll with Nevada Health Link for 2014 Plans
If You Have Questions About Your 2014 Federal Income Tax Filings

Important Update on 2014 Coverage Exemptions – System Issues

If you have enrolled in health coverage through Nevada Health Link in 2014 and experienced difficulties enrolling because our system had issues, you may be able to receive an exemption from the IRS tax penalty.  Please visit the IRS website here: (http://www.irs.gov/pub/irs-prior/i8965–2014.pdf) for instructions on filling out and filing Form 8965.

You will need to fill out Part III on Form 8965 and put a “G” under the exemption type column (see below for example) for any member of your household who tried to enroll in health insurance with Nevada Health Link during open enrollment (October 1, 2013-March 31, 2014) and our special enrollment (April 1, 2014 – May 30, 2014) periods.  Be sure to attach Form 8965 to your 1040.  No exemption form is required.  The exemption is automatically granted and no financial penalty will be assessed.

Nevada Health Link recommends you talk with a tax professional to help you with any tax filings.  You can also call us for assistance at: 1-855-7NVLINK (1-855-768-5465); or email us at: customerserviceNVHL@exchange.nv.gov.

Example

This example is a blank form.  You will fill Form 8965 out and file with your taxes.  Remember to put a “G” under the exemption type column.

Form 89656

 

Getting Your 2014 Form 1095-A

All Nevadans who enrolled in a qualified health plan through Nevada Health Link during 2014 will be provided a 1095-A Form. You will use the form to help fill out your 2014 federal income fax filings. This form will show who was covered, how many months you had coverage, how much the monthly premium amount was, how much the monthly premium amount for the second lowest cost silver plan was (the plan that determines your subsidy), and how much subsidy (APTC) you received each month.

Please talk with a licensed tax professional for help with your 2014 federal income taxes.

Example

This example is a blank form. Nevada Health Link will be filling out the form you receive with information about your coverage, premium, and the subsidy you received.

Screen Shot 2014-12-16 at 7.51.54 AM

 

Nevadans Who Wish to File an Exemption from the Tax Penalty in 2014 – Non System Issues

The Affordable Care Act (ACA) allows people to ask for and potentially receive an exemption from tax penalties for not having health insurance. To ask for an exemption, you must complete and send in an exemption form. The form you use to apply for an exemption depends on what kind of exemption you’re applying for. Exemptions can be claimed for the following:

  • Health coverage is unaffordable (too expensive)
  • You are a member of a healthcare-sharing ministry (religious exemption)
  • You are a member of a federally recognized tribe (American Indian/Alaskan Native)
  • You were eligible for healthcare services through an Indian healthcare provider
  • You were incarcerated (jail or prison)
  • You are a member in a recognized religious sect whose members object to insurance
  • You income was too low, you had short gaps in coverage, or you were not lawfully present

All of these exemptions and the instructions to fill out the exemption form can be found here: www.Healthcare.gov/Exemptions

If you are planning to file an exemption because you feel health care was unaffordable, you will need to provide Healthcare.gov the cost of the lowest cost bronze plan available to you during 2014. The Nevada Division of Insurance has a tool available to lookup insurance rates here: http://healthrates.doi.nv.gov/Wizard.aspx:

  • Click on the box marked “Individual”
  • Select the county you lived in during 2014 from the dropdown menu
  • Select your age from the dropdown menu
  • Click “Continue”
  • Select “Bronze” from the Metal Tier dropdown.
  • Select “Yes – Show ONLY Exchange Plans” from the plans dropdown menu.
  • Select “2014” from the plan year dropdown menu.
  • Click “View Results”

The plans offered in your county will be displayed at the bottom of the sheet. The lowest cost plan is needed for this affordability exemption. You can click the button “Download as PDF” to have a printable result available.

EXAMPLE: Clark County Resident Age 40

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The lowest cost Bronze Plan premium is $182.59.

Nevadans Who Didn’t Enroll with Nevada Health Link in 2014

If you did not enroll in a qualified health plan with Nevada Health Link in 2014, but you did enroll in a health plan in Nevada’s individual market outside of the online marketplace (the exchange), you may be able to receive a tax credit for the 2014 federal income tax filing based on your income in 2014. Nevada Health Link recommends that you get help from licensed tax professionals while preparing your 2014 federal income tax filing.

To see if you qualify for a tax credit, you will need to locate the second lowest cost Silver Plan premium available in your county. A tax professional can help you see if you are owed any refund on your 2014 federal income taxes for premium payments you made toward 2014 health plans that were NOT provided by Nevada Health Link.

Benchmark Plan (Second Lowest Cost Silver Plan)

The Nevada Division of Insurance has a tool available to lookup insurance rates here: http://healthrates.doi.nv.gov/Wizard.aspx:

  • Click on the box marked “Individual”
  • Select the county you lived in during 2014 from the dropdown menu
  • Select your age from the dropdown menu
  • Click “Continue”
  • Select “Silver” from the Metal Tier dropdown.
  • Select “Yes – Show ONLY Exchange Plans” from the plans dropdown menu.
  • Select “2014” from the plan year dropdown menu.
  • Click “View Results”

The plans offered in your county will be displayed at the bottom of the sheet. The second lowest cost silver plan is used to determine qualification for any tax credits. You can click the button “Download as PDF” to have a printable result available.

EXAMPLE: Clark County Resident Age 40

Screen Shot 2015-02-19 at 5.17.47 AM

The lowest cost Silver Plan premium is $237.13, so the second lowest cost Silver Plan premium is $238.30.

If You Have Questions About Your 2014 Federal Income Tax Filings

Nevada Health Link recommends you seek help from licensed tax professionals or getting help directly from the IRS when preparing your 2014 federal income tax filings. The IRS offers free tax help to people who generally make $53,000 per year or less, persons with disabilities, the elderly, and limited English-speaking taxpayers through a program called the Volunteer Income Tax Assistance (VITA) program. You can find free help in your area through the VITA program by visiting http://irs.treasury.gov/freetaxprep/ or by calling 800-906-9887.

The IRS also offers Free File, which makes brand-name tax software products and electronic filing available to most taxpayers in Nevada for free. Free File software can help taxpayers with tax preparation, including the health care law that will affect almost everyone. Free File is available only at IRS.gov/FreeFile, thanks to a partnership between the IRS and the Free File Alliance, a consortium of 14 leading tax software companies.

If you have questions about your 1095, you can contact the Nevada Health Link Customer Contact Center at 1-855-768-5465. Please note, however, that we do not have tax professionals available in our Customer Contact Center to answer specific questions about your tax situation.

You can also visit our FAQs for more information.