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New IRS form re health insurance
Old 12-06-2015, 05:26 PM   #1
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New IRS form re health insurance

Just a "heads up" about a new IRS form to file with taxes. I received this in an alumni newsletter that for 2015 filing most people will need to file a new form 1095-C if you have employer paid or subsidized health insurance:

Coming 2016: Form 1095-C
New requirements under the Affordable Care Act (ACA) start this tax year. Large employers, including
(my former employer), will need to file Forms 1095-C with the U.S. Internal Revenue Service (IRS) and send a copy of the form to employees and retirees eligible to participate in (my former employer's) insurance plans. Employees and non-Medicare eligible retirees are required to file a Form 1095-C with their 2015 tax filing.
FAQ: Form 1095-C
1. What is this new form?
The form is a new requirement of the Affordable Care Act. Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is required by the IRS that provides the following information:
• The employee and the employee’s dependents;
• The months during the year the employee was eligible for health insurance coverage; and
• The cost of the least expensive monthly premium the employee could have paid under the plan.
2. When/How will I receive the new form?
Check your mailbox. Employees and non-Medicare eligible retirees who are eligible for health insurance
coverage will receive a Form 1095-C by February 4, 2016.
Need to update your mailing address? Update your address before January 1, 2016 to ensure you receive your Form 1095-C.
3. Will I be able to receive this form electronically?
An electronic format of this form will not be available this year. Due to the timing of the release of the IRS
regulations, this year Form 1095-C will only be available in hardcopy. (That's my former employer. YMMV.)
4. What do I do with it?
File it with your 2015 tax return. When you receive your Form 1095-C, keep it with the materials you give to your tax preparer. If you prepare your own taxes, you may need to refer to this form when you file your 2015 return.
5. How many of these forms will I get?
You may receive a form from each of your employers. If you have more than one job and qualify for health
insurance in those positions, you may receive multiple forms. Check with your other employers if you are unsure if you will receive a form this year.
6. What if I don’t receive a form?
Contact your employer.

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Old 12-06-2015, 05:56 PM   #2
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I was expecting this. I assume our insurance company will send this form to us next year.

I think you'll need it even if, as in our case, you are not subsidized and not employed. Otherwise you pay the penalty for not having the insurance.

Retired since summer 1999.
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Old 12-06-2015, 07:21 PM   #3
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Thank you for the heads up. I prepare taxes for low income people through the AARP/IRS program. Last year we had to take 4 hrs extra training just on ACA
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Old 12-06-2015, 07:54 PM   #4
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interesting... I wonder where Cobra will be documented. It is somewhat through the employer, but not subsidized.

edit :looks like 1095-C also. Looks like this covers more than just subsidized plans
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Old 12-07-2015, 07:20 AM   #5
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It looks like the majority of people - those not employed by a Applicable Large Employer - don't have to worry about this item.
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Old 12-07-2015, 07:41 AM   #6
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Originally Posted by wmc1000 View Post
It looks like the majority of people - those not employed by a Applicable Large Employer - don't have to worry about this item.
If you purchase through an exchange you receive a 1095-A, but if you purchase private insurance, you'll get one of these new forms (at least that's how I read the turbo tax blurb on it.)


During the tax season, taxpayers who have non-Marketplace health insurance (their plan wasn’t purchased on or a state Marketplace) may receive the new Forms 1095-B or 1095-C — these are receipts from private insurers or employers, confirming you had or were offered coverage. Check them for accuracy if you receive them and keep them for your records. You will not need them to file your 2015 tax return.

If you purchased health insurance on or your state Health Insurance Marketplace, you will still report your health insurance information from Form 1095-A on your tax returns.
And like last tax season, reporting your Marketplace insurance in TurboTax will be a simple as entering your W-2.
Affordable Care Act Update: New Information About Form 1095-B and 1095-C | The TurboTax Blog

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