Form 1095-A vs. Form 1095b 2022-2023

Hi i'm michael and welcome to michael's matters so it's coming up on that time again that time of the year that we all know and love which is tax time that means you should be getting all your tax forms starting to come in the mail forms like w2s 1099s and 1095as initially if you live in states like here in california who actually still have a tax penalty for not having health insurance you'll get a newer form called ftb 3895 as well now both these forms the 1095-a and the ftb 3895 are super important tax forms if you had received health insurance through a health exchange during the year so things like healthcare.gov or covered california these forms indicate how much money you did receive to help you pay for your health insurance and more importantly are used to create form 8962 which indicates how much you may have to pay back if you underestimated your income and also to help you avoid paying the tax penalty for not having health insurance if you're in one of those states that do have the penalty so today we are talking about the health insurance tax forms 1095 a 1095 b and 1085c as well as the california health insurance tax form ftb 3895 which are all used to create the form 8962 and what to do if you never get one or if the information on your forms are incorrect now before we get to it though if you like this information if you find it interesting if you find it helpful and find it useful please don't forget to like and subscribe that way you can get updates when our newest and most informative videos become available okay so first today let's do a quick rundown...