1095 B Insurance Form

This form 1095 b provides information about the individuals in your tax family yourself spouse and dependents who had certain health coverage referred to as minimum essential coverage for some or all months during the year.

1095 b insurance form. Members living in states with laws that require reporting of health coverage will continue to receive a paper copy of the form 1095 b for state filing tax purposes. Form 1095 b is an internal revenue service irs form that may be sent to taxpayers who receive minimum essential health insurance coverage as defined by the affordable care act aca. Form 1095 a is used to report certain information to the irs about individuals who enroll in a qualified health plan through the marketplace. Form 1095 b is a tax form that reports the type of health insurance coverage you have any dependents covered by your insurance policy and the period of coverage for the prior year.

Form 1095 b is an internal revenue service irs document that may be used as proof that a person had qualifying health coverage that counts as minimum essential coverage during a tax year. This form is used to verify on your tax return that you and your dependents have at least minimum qualifying health insurance coverage. Form 1095 b health coverage is provided by insurance companies and other coverage providers. Eligibility for certain types of minimum essential coverage can affect a taxpayer s eligibility for the premium tax credit.

Form 1095 b is used to report certain information to the irs and to taxpayers about individuals who are covered by minimum essential coverage. However if your coverage was insurance purchased through the marketplace or was a type of coverage referred to as self insured coverage that was provided by an applicable large employer you will receive a different form. Form 1095 b is used by providers of minimum essential health coverage to file returns reporting information for each individual for whom they provide coverage. Information about form 1095 a health insurance marketplace statement including recent updates related forms and instructions on how to file.

This form is for your information only and is not included in your tax return. Form 1095 b is used to report certain information to the irs and to taxpayers about individuals who are covered by minimum essential coverage and therefore are not liable for the individual shared responsibility payment. You will only need to enter healthcare information if you were insured through the marketplace. A healthcare provider can be one of the following.

Subscribers filing taxes in one of these states such as nj or dc are encouraged to retain a copy of their 1095b for their state tax records.