IRS Health Care Tax Tip 2014-17, Sept. 12, 2014 If you moved recently, you’ve probably notified the U.S. Postal Service, utility companies, financial institutions and employers of your new address. If you get health insurance coverage through a Health Insurance Marketplace, the IRS reminds you about one more important notification to add to your list – the Marketplace. If you are receiving advance payments of the premium tax credit, it is particularly important that you report changes in circumstances, including moving, to the Marketplace. There’s a simple reason. Reporting your move lets the Marketplace update the information used to determine your eligibility for a Marketplace plan, which may affect the appropriate amount of advance payments of the premium tax credit that the government sends to your health insurer on your behalf. Reporting the changes will help you avoid having too much or not enough premium assistance paid to reduce your monthly health insurance premiums. Getting too much premium assistance means you may owe additional money or get a smaller refund when you file your taxes. On the other hand, getting too little could mean missing out on monthly premium assistance that you deserve. Changes in circumstances that you should report to the Marketplace include, but are not limited to: an increase or decrease in your income marriage or divorce the birth or adoption of a child starting a job with health insurance gaining or losing your eligibility for other health care coverage Many of these changes in circumstances – including moving out of the area served by your current Marketplace plan – qualify you for a special enrollment period to change or get insurance through the Marketplace. In most cases, if you qualify for the special enrollment period, you will have sixty days to enroll following the change in circumstances. You can find information about special enrollment periods at HealthCare.gov. More information Find out more about the health care law, the premium tax credit and the individual shared responsibility provision at IRS.gov/aca. Find out more about the Health Insurance Marketplace at HealthCare.gov, or by calling 800-318-2596. HealthCare.gov Learn more about the Affordable Care Act. Visit HealthCare.gov Affordable Care Act Topics Tri-Agency Frequently asked questions Families First Coronavirus Response Act, Coronavirus Aid, Relief, and Economic Security Act, and Health Insurance Portability and Accountability Act Implementation Part 58 Affordable Care Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 59 Employers Affordable Care Act information returns (AIR) ACA information center for applicable large employers (ALEs) ACA information center for tax professionals Health Care Tax Tips Affordable Care Act tax provisions questions and answers Affordable Care Act tax provisions Affordable Care Act of 2010: News releases, multimedia and legal guidance Affordable Care Act