In addition to filing your W-2, the IRS requires reporting of health insurance coverage information for the 2018 federal income tax reporting year. While it is not necessary to include the actual forms with your tax return, information from IRS Form 1095-B and/or Form 1095-C must be included on individuals’ income tax returns.
Please be sure to watch your mail for important tax documents and safeguard your form(s) with your other tax reporting documents. For those who did not elect to receive their W-2 and/or 1095-C form electronically, W-2 forms will be mailed on Jan. 31 and 1095-C forms will be mailed in early 2019.
Here are some frequently asked questions about the 1095 tax reporting requirement.
Why am I getting an IRS Form 1095?
IRS Forms 1095-B and 1095-C provide health coverage information for you and your covered dependent(s) for tax reporting purposes. You are required to report and provide proof of minimum essential health coverage for you and your dependent(s), if any, on your federal income tax return.
What are IRS Form 1095-B and IRS Form 1095-C?
IRS Forms 1095-B and 1095-C provide information you need to report minimum essential health coverage for you and your dependent(s), if any, on your income tax return. The employer reports the offer of minimum essential coverage on IRS Form 1095-C. Enrollment in a self-insured plan is also provided on IRS Form 1095-C. Enrollment in a fully insured plan is reported on IRS Form 1095-B.
What is minimal essential coverage?
The health insurance coverage offered through the State of Florida/People First and GatorCare group insurance programs is considered minimum essential coverage based on Affordable Care Act (ACA) definitions.
Who requires these forms and this reporting?
The IRS requires these forms pursuant to the ACA, which requires most individuals to have minimum essential coverage.
What should I do with this form?
Safeguard this form with your other income tax filing records, and use the information on the form to complete your tax return.
Why did I get multiple forms?
The most common reasons individuals receive more than one form are:
- You are enrolled in a fully insured health insurance plan. You will receive IRS Form 1095-C from your employer and IRS Form 1095-B from your fully insured health plan.
- You had more than one employer during the tax reporting year.
- You retired or terminated employment during the tax reporting year and continued health insurance as a retiree or under COBRA.
Do I need to send Form 1095 when filing my taxes?
No, you do not need to send a copy of your 1095 to the IRS when filing you tax return. However, you should keep the form with your tax records.
Whom do I call if I have questions about this form?
If you have questions about the form, please call your tax preparer or visit the IRS website at http://www.irs.gov/ACA.
If you have questions about the personal information on the form (for example, your address or Social Security number is incorrect), contact UFHR Benefits at (352) 392-2477 or email@example.com.
What should I do if I lose the form?
If you are a current UF employee, contact UF Benefits at (352) 392-2477 or firstname.lastname@example.org to request a duplicate.