What is the function of the 1095-A form?

The 1095-A form is specifically designed to provide consumers with important information regarding the health coverage they had through the health insurance marketplace. This form is crucial when it comes time to file taxes, as it reports the months of coverage, the premium amounts, and any advance premium tax credits received. Accurate completion of tax returns requires this information, making the 1095-A central to reconciling the tax credits that consumers may have utilized when enrolling in their health insurance plan.

The other options do not align with the actual function of the 1095-A form. While applying for insurance and understanding the benefits of a plan are important aspects of healthcare coverage, they are not the purpose of the 1095-A. Additionally, a summary of medical expenses would typically be provided by other forms, such as the 1095-B or 1095-C, not the 1095-A. Thus, focusing on the role of the 1095-A in tax filing underscores its primary importance in confirming health coverage through the marketplace rather than any of the other functions mentioned.