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Would Appreciate Confirmation of My Understanding


Yardley CPA

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Just want to make sure my understanding is correct:

 

If taxpayer(s) had health insurance or COBRA for the entire year through their employer or purchased on their own (not through the exchange), including those on Medicare, all that needs to be done is to check box 61 on form 1040?  No additional forms need to be completed?

 

Thanks very much. 

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Just want to make sure my understanding is correct:

 

If taxpayer(s) had health insurance or COBRA for the entire year through their employer or purchased on their own (not through the exchange), including those on Medicare, all that needs to be done is to check box 61 on form 1040?  No additional forms need to be completed?

 

Thanks very much. 

You are exactly correct.  The complexity starts with those that are not insured for the whole year, or those that have coverage purchased through an exchange.

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