All Pennie customers will receive a 1095-A in the mail or in their secure Pennie Account inbox and must file a federal tax return. Customers who have a health insurance plan through Pennie and are using Advance Premium Tax Credit (APTC) will have to “reconcile” when they file their federal taxes. The reconciliation process will compare the amount of premium tax credit the customer used in advance during the previous plan year and the amount of premium tax credit the customer qualified for based on the customer’s final income for the year. The difference between the two figures may affect the customer’s refund or tax owed when the customer files their taxes. When filing taxes, customers must complete the IRS Tax Form 8962 and provide the 1095-A as proof.
