If you received a premium subsidy from the Marketplace/exchange – or if you paid full price through the exchange but are eligible to claim the subsidy on your tax return – you have to complete Form 8962 with your tax return. If you received a subsidy and fail to complete Form 8962 for two consecutive years, you won’t be able to continue receiving a subsidy going forward, so this form is essential for the millions of people who are receiving premium subsidies in the exchange. (Subsidies used to be suspended after one year of not completing Form 8962, but this rule was suspended during the COVID pandemic. And HHS finalized a rule change for 2024 and future years that calls for the suspension of subsidies only after a person has failed to complete Form 8962 for two consecutive years). If you paid full price for a Marketplace plan during the year and are eligible for the premium tax credit — or if you received some premium tax credit but are eligible for more — you’ll use Form 8962 to claim your premium tax credit. The information on Form 1095-A is used to complete Form 8962. (Note that Form 8962 was not required for the 2020 tax year unless a person wanted to claim additional premium tax credits; excess premium tax credits did not have to be repaid for 2020.)