Affordable Care Act

1095 form

Latest Tax Form Changes: Form 1095 For All

December 9, 2015 : H&R Block

There are a lot of number and letters thrown around at tax time. You’ve probably come to know some of the most common, like 1040 and W-2. This year, one form – and its number-letter combinations – will be talked about frequently. That’s because most people will be receiving a Form 1095 this year. Wondering what is form 1095? Here’s what you need to know about Form 1095 in its various iterations.

UPDATE: For tax year 2015, 1095-Bs and 1095-Cs will not be required to file your tax return. However, if you are supposed to file with Form 1095-A, it is required. If you have not yet received a 1095-B or 1095-C for 2015, you can file without the form.

Click to view larger image
New tax form 1095 will be received by most taxpayers

Like this infographic? Use the code below to embed it on your site:

In plain text:

What does it report?

Each 1095 form reports information about your health insurance coverage over the last year.

How many forms are there?

There are three forms:

  • 1095-A
  • 1095-B
  • 1095-C

Commonalties between forms:

  • Personal information for the employee/recipient/responsible individual
  • A listing of all individuals covered by the plan
  • Monthly look at coverage
  • Information on health insurance provider

In plain English: a 1095 form will explain where you received health insurance coverage from, who was covered on the plan and how long that plan provided benefits to you.

Which one will I get?

If at any point during the year you had health insurance provided from:

  • A Marketplace plan (with the exception of catastrophic plans): you will get a 1095-A
  • Large employer: you will get a 1095-C
  • Every other place you get insurance: you will get a 1095-B

People who might get a 1095-B include those who are employed by the government or get health insurance through a government-run plan like Medicaid, Medicare, CHIP, TRICARE, VA benefits and so forth. You may also get a 1095-B if your employer has fewer than 50 employees.

You will get a 1095 for every health care plan you had over the course of a year.

Jimmy was a freelancer at the beginning of 2015. He had health insurance coverage through a Marketplace plan for January through May. He got hired full time and had health insurance coverage through his large employer from June to December. He will get one 1095-A and one 1095-C. 

More than 100 million taxpayers were able to self-attest their health insurance coverage on the 2014 tax return. They will now likely be getting a 1095 form which will be used to complete their 2015 tax return. Source:

Note: You will not receive a 1095 form for any months where you didn’t have coverage, but you may qualify for an exemption to the health insurance requirement.

About 12 million tax filers claimed an exemption on their 2014 tax return.

If you are supposed to have health insurance, but do not, you may be assessed a penalty on your tax return.

More than 7.5 million filers paid a penalty on their 2014 tax return.

When do I get it?

Form 1095 should be mailed by February 1, 2016.

If you have not received a 1095 form by that time, contact the Marketplace, your employer, or other health insurance provider.

What do I do with it?

You may need information from the form to complete your tax return.

Why am I getting this?

Under the Affordable Care Act, everyone must have health insurance coverage or must qualify for an exemption to that requirement or pay a penalty. Form 1095 provides information that is used on the tax return to verify you had coverage or to calculate any penalty owed.

Share

Copyright © 2014-2015 HRB Digital LLC. All Rights Reserved.