What is the purpose of 1095-A data when completing Form 8962?

• A. 1095-A provides the SLCSP premium and APTC amounts used to calculate the actual Premium Tax Credit on Form 8962.
• B. It lists all covered medications.
• C. It reports employer-provided coverage.
• D. It verifies citizenship status.

Answer: (A)

Understanding how Form 1095-A data feeds Form 8962 is about reconciling the Premium Tax Credit you actually qualify for with what was paid in advance. Form 1095-A, sent by the Marketplace, shows the monthly premiums for your marketplace coverage, the amount of APTC (Advance Premium Tax Credit) that was paid to your insurer each month, and the SLCSP (Second Lowest Cost Silver Plan) premium used for your household. Form 8962 takes those numbers to calculate the actual Premium Tax Credit you’re entitled to based on your final household income for the year, and to determine if you owe or receive additional credit after accounting for any differences between the APTC paid and the final credit. So the 1095-A data provides the critical premium amounts and the APTC amounts that drive the calculation on Form 8962. Other items like medication lists, employer-provided coverage, or citizenship verification are not part of this calculation, and are reported on different forms or sections.