In most cases, you won't need to reference these forms while preparing your tax return because the IRS has largely eliminated the individual mandate penalty for not having health coverage. However, if you live in a state with its own health insurance mandate (e.g., California, New Jersey, Washington DC), the forms may help you report coverage or avoid state penalties.

Check the forms to ensure the details are accurate, such as your name, Social Security number, and the coverage period. Contact the issuer if you find errors.