Tax Topic

Health Care, "Minimum Essential Coverage"

The Affordable Care Act (ACA) mandates that most persons have "minimum essential coverage." Each applicable person listed on your tax return must maintain such coverage. Details on the ACA in general and the meaning of "minimum essential coverage" can be found on the IRS web site at

Determining whether or not your coverage meets the ACA's requirements is a benefits issue vs. a taxation issue, so please discuss with your health insurance provider before signing below.

If such coverage is not maintained, the ACA requires the assessment of a "shared responsibility payment" which is collected on the Form 1040. This tax can be as low as $695 per adult and $347.50 per child, and as high as $3,264 per adult.

Please complete and sign/date the Minimum Essential Coverage statement and include with the tax source documents you provide to me.

For tax year 2019 and all subsequent years, the shared responsibility payment is reduced to zero (under the Tax Cut and Jobs Act)

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