Health Care

Health Care

How do health care reform and taxes connect? The Affordable Care Act is single largest change to the tax code in two decades. Find help navigating the complexities of the new health care legislation, Medicare, Medicaid and other medical deductions.

Posts: 1
Registered: ‎03-13-2018

Health Care Exemption-Short Gap Coverage

I am in the process of filing my return and I know I qualify for the Short Gap Coverage exemption. When I file my federal taxes I still have to put in that I was not covered for 1 month correct? Will the penalty fee be given back to me in my tax return once I file the 8965 form? 


Thank you!

Valued Neighbor
Posts: 149
Registered: ‎04-06-2016

Re: Health Care Exemption-Short Gap Coverage

When you fill out the interview for the health insurance section, you should be able to indicate that you qualify for the short-gap exemption.  No penalty will be added to your return for the month you qualified for that exemption.  If you had coverage the other months, you'll be all set.