IRS Form 1095-B to be Sent to Medicaid and CHP+ Members in January 2016

Under the Affordable Care Act (ACA), most individuals are required to have minimum essential coverage (MEC), or pay the individual shared responsibility payment. Because most Medicaid and CHP+ programs count as MEC, individuals enrolled in these programs at any time in 2015 will be receiving Form 1095-B from HCPF as proof of coverage. HCPF is required to use Form 1095-B to report MEC information to the Internal Revenue Service (IRS) and to Medicaid and CHP+ members so that they are not liable for the individual shared responsibility payment. HCPF will start mailing these forms to members between mid-to-late January 2016, and Feb. 1, 2016. Please remind clients to update their mailing address.

More information on Form 1095-B is available through a recorded webinar, fact sheet, and desk reference for stakeholders posted here under “IRS Form 1095-B: Health Coverage.” For Medicaid and CHP+ member information, go to Colorado.gov/Health/IRSForm1095B. [Source: HCPF]