What Is Form 1095-B: Health Coverage?

Form 1095-B is an Internal Revenue Service (IRS) form sent to taxpayers who receive minimum essential health insurance coverage as defined by the Affordable Care Act. The form shows such information as the effective dates of the coverage, the individuals covered, and the coverage provider.

Key Takeaways

  • Form 1095-B, entitled Health Coverage, came into being with the Affordable Care Act, which created what's colloquially known as "Obamacare."
  • You do not have to submit the form itself.
  • It is not necessary to wait for Forms 1095-B or 1095-C in order to file.

Who Can File Form 1095-B: Health Coverage?

Under the rules of the Affordable Care Act, you must have minimum essential coverage for each month of the year, or have a coverage exemption. If you or your family members don’t, you might have to pay a penalty called a shared responsibility payment.

Most health insurance plans provided by an employer qualify as minimum essential coverage. Other qualifying plans include government-sponsored programs like Medicare and most Medicaid and other plans. If you received or were offered healthcare from your employer, you may receive Form 1095-C in addition to, or instead of,1095-B.

Generally, self-employed individuals, those working for companies with under 50 employees, or those who have health insurance in addition to that provided by their employers receive Form 1095-B.

While the information on Form 1095-B may assist in preparing a tax return, it is not required.

How to File Form 1095-B: Health Coverage

Depending on who provided your health insurance coverage, you should receive either Form 1095-A, 1095-B, or 1095-C. You usually have to provide information from these forms, or acknowledge that you have received one of them, on your federal tax return. You do not have to submit the form itself.

While the information on these forms may assist in preparing a tax return, they are not required. Taxpayers simply tick off a box on their returns, indicating how long they were covered throughout the tax year. In contrast, it is crucial for those participating in Health Insurance Marketplace plans to have received their Form 1095-A before they file because these forms report information about tax credits and any advance payments of these credits.

Form 1095-A vs. Form 1095-B vs. Form 1095-C

You will receive 1095-A if you enrolled in a qualified health plan via the Health Insurance Marketplace, or Exchange. You will receive a 1095-B if you were covered by minimum essential coverage; health insurance providers will send Form 1095-B to individuals they cover, with information about who was covered and when. You get 1095-C if you received coverage, or an offer of coverage, from your employer.

Download Form 1095-B: Health Coverage

Click this link to Download Form 1095-B: Health Coverage.