- Associated Press - Wednesday, January 21, 2015

ALBANY, N.Y. (AP) - New York’s health exchange says it is sending out more than 300,000 tax statements to households where someone enrolled for private health coverage through the exchange last year.

The statements required under the federal Affordable Care Act are for use in filing federal tax returns for 2014 by those who enrolled through the exchange in a qualified insurance plan and are taking tax credits.

Forms are scheduled to be sent by Jan. 31 and accompanied by a cover letter in English and Spanish.

According to state health officials, nearly 75 percent of people who enrolled in a qualified plan were eligible for tax credits to reduce their monthly coverage cost based on projected 2014 income.

Under federal rules, they are supposed to reconcile credits with actual income for last year.

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