Friday, March 25, 2016

New IRS 1095 Forms for 2015 and resources

“This year some taxpayers may receive two new health care-related tax forms – the 1095-B and 1095-C, in addition to the 1095-A which marketplaces issued last year. These tax forms are used to report whether a consumer had health insurance that met minimum coverage requirements. Generally, the 1095-B form is filed by government-sponsored health insurance programs such as Medicaid. Providers of health coverage (including employers that self-insure) will file either a 1095-B or 1095-C, depending on the size of the employer and other factors. More information about how these new forms may impact this tax season can be found in this Kaiser Health News article.” [Source: IRS]

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