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New IRS Guidance for Individuals Regarding Forms 1095-A, 1095-B, & 1095-C
Jan 15, 2016
January 13, 2016
Q&As Provide Information on Receipt of the Forms, How the Forms Relate to Income Tax Returns, and More
The IRS has released new Q&As to help individuals understand the new Forms 1095-A, 1095-B, and 1095-C they may receive this quarter, including who should expect to receive them and what to do with them.
The Q&As include the basics on the following forms, which individuals may receive one or more of, and which they may need when filing their income tax returns:
- Form 1095-A, Health Insurance Marketplace Statement. The Health Insurance Marketplace sends this form to individuals who enrolled in coverage there, with information about the coverage, who was covered, and when.
- Form 1095-B, Health Coverage. Health insurance providers (e.g., health insurance companies), as well as self-insuring employers that are not applicable large employers, send this form to individuals they cover, with information about who was covered and when.
- Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. Applicable large employers (generally those with at least 50 full-time employees, including full-time equivalents) send this form to certain employees, with information about what coverage the employer offered. Applicable large employers that offer self-insured health coverage send this form to individuals they cover, with information about who was covered and when.
The Q&As also include a helpful chart on what individuals must do once they receive the forms, and information regarding how the forms relate to their income tax returns. Click here to review the Q&As in their entirety.
Be sure to check out our Information Reporting section for additional details regarding Forms 1095-B and 1095-C.