If you had a CoverME.gov plan with a premium tax credit, your tax return settles up what you received against what you actually qualified for. Here is what to expect.
CoverME.gov sends a Form 1095-A to everyone who had a Marketplace plan, usually by early February. It shows the premiums, the benchmark Silver price and the advance credit paid to your insurer each month. You or your preparer use it to complete Form 8962 with your return. If you received a credit, you must file a federal return, even if you normally would not.
You received more credit during the year than you qualified for, and you pay the difference back on your return. Important change: starting with 2026 coverage (the return you file in early 2027), there is no longer a cap on how much you repay. A raise, a good year in the business or a spouse's new job can now mean a much bigger bill at tax time.
You may get the rest of your credit as part of your refund.
See our guide on estimating income.
Contact CoverME.gov for a corrected form before you file. Wrong months or amounts are common after mid-year changes.
If your actual income was higher than your estimate, you repay the excess on your return. Starting with 2026 coverage there is no repayment cap.
CoverME.gov sends it early in the year, usually by early February, and it is also in your CoverME.gov account.
Yes. Anyone who received an advance premium tax credit must file a federal return and include Form 8962.
Want your own numbers? Get a free quote or call 207-631-3546.