![]() ![]() Obamacare health insurance tax creditsĪnother revolutionary feature of Obamacare was the creation of health insurance premium tax credits. When you file your 2018 tax return, you must show that you had coverage or pay a penalty. Congress ended the individual healthcare insurance mandate starting in 2019. The health insurance mandate applies to the self-employed as well as everybody else. If you lacked coverage, you had to pay a penalty to the IRS. During 2014 through 2018, all Americans had to have at least minimal comprehensive health insurance coverage. One of the most significant changes created by Obamacare was the health insurance mandate. But the majority use the federal exchange at These exchanges are also called “marketplaces.” Obamacare health coverage mandate through 2018 Nowadays, several states have their own exchanges. You can get Obamacare coverage online through a health insurance exchange. Insurers can’t deny you coverage if you have a preexisting condition. Getting medical insurance was especially true if they had a preexisting condition.Īll this changed when Congress enacted the Affordable Care Act in 2010. In the past, it would be hard for self-employed people to obtain health coverage. When you’re self-employed, you don’t have an employer to provide you with health insurance. If your answer to both questions is yes, you need to have IRS Form 1095-A. ![]() Did you obtain your health insurance coverage last year through Obamacare? Did you also receive Obamacare tax credits? ![]()
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