Health Insurance Marketplace Phone Number For Finding Information
Calling the health insurance marketplace phone number is the easiest and fastest way to figure out anything related to the health care insurance and options. The marketplace is also called as Health Insurance Exchange. Not only does it provide information regarding health care insurance but also provides the health insurance itself. The available information is also related to the eligibility for help with reducing the cost and paying premiums. There is an open enrollment period every year provided by the Marketplace.
Today, the available Marketplace is not only the state-based Marketplace but also the federally-facilitated Marketplace. Therefore, it depends on where you live, you can visit the office or contact them to get what you need either information or the health care insurance itself. Of course, the number to call them is different in every state.
Marketplace Health Care Insurance
When you choose the Marketplace to purchase health care insurance, you will receive particular form known as 1095-A which contains the Health Insurance Marketplace Statement. This form is given at the beginning. From this statement, you may learn about how to complete the individual income tax return subjected by the federal. You shall check your tax return’s full year coverage box if the form has already shown the coverage for you and your dependants for entire year. Moreover, this form also reports total monthly premiums that will be paid to insurance company that you have selected through Marketplace. In details, it lists the premium assistance amount.
In case you have chosen the advance payments directly paid to the company, it is necessary for you to file the federal income tax return. It is also necessary for you to compare or reconcile the premium tax credit to these payments. The federal income tax return file is a must to do even though you have chosen not to receive the advance payments.
What Happen If You Fail to File Tax Return
Have you had any idea of what will happen in case you fail to file the tax return? Well, the consequence is quite serious because then you won’t be eligible to receive any advance payments or cost-sharing reductions that actually will be very useful to help paying for the next year’s health insurance coverage. In other words, you will bear the full cost of monthly premiums including the covered services that certainly refer to paying more money which you can actually save.