If you received financial savings also known as Advanced Premium Tax Credits (APTC) through Pennie to help lower your monthly premiums, you have received or will be receiving Form 1095-A.
You MUST file a federal tax return using Form 1095-A to complete Form 8962: Premium Tax Credit. To complete Form 8962 (which will be on your federal tax return), you’ll need the information within Form 1095-A, which will come from Pennie.
The purpose of this is to make sure you received the proper amount of APTC based on your actual household income. This process is called “Reconciling APTC”.
It is very important you take the step to reconcile your APTC, if you DO NOT, you will be at risk of losing your financial savings for moving forward.