Understanding Your 2015 Health Coverage Tax Forms

2015 Health Coverage Tax Forms

There are 3 different forms regarding your 2015 health coverage.  These forms are, the 1095-A, the 1095-B and the 1095-C. These forms are not provided by the IRS.

Form 1095-A

The 1095-A is provided if you or someone in your family enrolled in health coverage through the Health Insurance Marketplace.  It should have been furnished to you by February 1, 2016.  If you did not get this form you should contact your Marketplace’s website.  You should not file your return until you receive this form.  You need this form to have the information necessary to complete Form 8962, the Premium Tax Credit, which should be filed with your tax return.

Form 1095-B

Form 1095-B provides you with information about your health care coverage if you, your spouse or dependents received coverage through an insurance provider or by a self-insured employer in 2015.  It is not mandatory that you have this form to file your income tax return.  Your provider should send it to you by March 31, 2016.

Form 1095-C

Form 1095-C is provided by your employer when your insurance is provided by your employer.  Again, you should receive it by March 31, 2016, but you may file your return without this form.

To recap, if you received insurance through the marketplace, wait on the form 1095-A to file your 2015 income tax return.  You should have received it by February 1, 2016.

Forms 1095-B and 1095-C are not required to be received by the taxpayer until March 31, 2016.  They are also not required to prepare your 2015 tax return, but information on these forms may assist in preparing the return.

Remember, none of these forms are provided by the IRS neither are they sent to the IRS (other than Form 8962), but you should keep them with your tax records.

If you have any other questions or concerns about filing your taxes and the ACA (Affordable Care Act), please feel free to contact us.