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The 1099HC

YOU MIGHT WANT TO BE EXTRA CAREFUL AS YOU SORT THE JUNK AND SAVE MAIL OVER THE NEXT FEW WEEKS. HEALTH INSURERS, AND IN SOME CASES EMPLOYERS, ARE SENDING OUT A NEW TAX FORM THAT WILL WILL SERVE AS PROOF OF COVERAGE UNDER THE REQUIREMENT THAT ALL RESIDENTS HAVE HEALTH INSURANCE. MELISSA CUMMINGS AT THE DEPARTMENT OF REVENUE SAYS TAXPAYERS WILL USE THIS "1099HC" TO COMPLETE THEIR STATE TAX RETURN.

The form 1099 will give the taxpayer the necessary information they need to complete the schedule HC, which is a new tax form required this year from every resident who files taxes.

RESIDENTS WHO HAVE GOVERNMENT SUBSIDIZED HEALTH INSURANCE WILL NOT RECEIVE A 1099HC. FOR MORE INFORMATION ABOUT THIS FORM, TAX PENALTIES FOR FAILURE TO HAVE HEALTH INSURANCE, OR APPLYING FOR A WAIVER CLICK HERE.

This program aired on January 17, 2008. The audio for this program is not available.

Martha Bebinger Twitter Reporter
Martha Bebinger covers health care and other general assignments for WBUR.

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