IRS Form 1095-B is a new federal tax document that the Department is required to send to individuals who were enrolled in Medicaid or Child Health Plan Plus (CHP+) for even one day in 2015. The Department will start mailing these forms in mid to late January 2016. All forms are scheduled to be mailed by February 1, 2016.
Under the Affordable Care Act, most individuals are required to have MEC, or pay an IRS federal tax penalty, the Individual Shared Responsibility Payment. Nearly all Medicaid and CHP+ programs count as MEC. Form 1095-B is proof that individuals had qualifying health coverage, known as minimum essential coverage (MEC), during the month(s) they were enrolled in Medicaid or CHP+ in 2015.
Want to learn more about Form 1095-B?
There is an introductory webinar and a fact sheet for stakeholders, including eligibility partners! These resources are posted here under IRS Form 1095-B: Health Coverage. For Medicaid and CHP+ member information, go to Colorado.gov/Health/IRSForm1095B. The Department will be posting more resources for stakeholders and members to these websites, as they become available. Please email Nina Schwartz at Nina.Schwartz@state.co.us with any questions.” [Source: HCPF]
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