As you prepare your documents for your CPA to complete your 2014 income tax, you will find a new document/disclosure regarding health insurance.

This form is for people who purchased coverage through www.healthcare.gov. If you did not purchase through a state or federal marketplace, then this form will not pertain to you. The form is being used to help determine subsidy eligibility and/or “penalties” for not participating in a plan.

We highly encourage people to take a look at all options available to them through their employer, spouses employment and individual purchases of their own, so you have control over your network of providers available to you at times of need. There are products and price tags to fit almost all budgets. Please call me. I would be happy to assist you. Please refer to this IRS form and discuss with your CPA to get all the details. We do not offer any tax advise, but we encourage you to obtain all of the knowledge you can. Taxes are changing, so be in the know!