Health Insurance Tax Form From Employer

If you or your family received advance payments of the premium tax credit through the health insurance marketplace you must complete form 8962 premium tax credit with your return.

Health insurance tax form from employer. Form 1095 b health coverage. The affordable health care act introduced three new tax forms relevant to individuals employers and health insurance providers. Form 1095 c is filed and furnished to any employee of an applicable large employers ale member who is a full time employee for one or more months of the calendar. They are forms 1095 a 1095 b and 1095 c.

The affordable care act requires employers to report the cost of coverage under an employer sponsored group health plan on an employee s form w 2 wage and tax statement in box 12 using code dd. Form 1095 b health coverage form 1095 c employer provided health insurance offer and coverage. Many employers are eligible for transition relief for tax year 2012 and beyond until the irs issues final guidance for this reporting requirement. Form 1095 c is used by applicable large employers as defined in section 4980h c 2 to verify employer sponsored health coverage and to administer the shared employer responsibility provisions of section 4980h.

For individuals who bought insurance through the health care marketplace this information will help to determine whether you are able to receive an additional premium tax credit or have to pay some back. A separate form the 1095 b provides details about an employee s actual insurance coverage including who in the worker s family was covered. If you had job based health coverage depending on the kind of job based coverage you had including cobra or retiree coverage you may get one of these from your employer or insurance company. Form 1095 c employer provided health insurance offer and coverage.

You will receive form 1095 a health insurance marketplace statement which provides you with information about your health care coverage.