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What Are The New IRS 1095 Forms?

On Behalf of | Mar 14, 2016 | IRS |

The new healthcare law has led to the introduction of a new series of Health Care Information Forms that many individuals will receive this tax season. The 1095-A, 1095-B, and 1095-C are designed to provide information you may need when filing your individual income tax return related to the Health Insurance Marketplace, your coverage for the past year, and what coverage your employer may have offered.

The Marketplace must provide Forms 1095-A to enrolled individuals by February 1, 2016. Insurers, other providers, and certain employers must provide Forms 1095-B and 1095-C to taxpayers by March 31, 2016.

You do not have to wait to file your taxes if you are expecting the B or C form, but do wait if you are expecting to receive the Form 1095-A. Watch the mail for these documents, unless you have elected an electronic delivery option. These documents provide information you may need to file your taxes, but they do not need to be filed with your returns.

More information about these forms is available here: https://www.irs.gov/Affordable-Care-Act/Questions-and-Answers-about-Health-Care-Information-Forms-for-Individuals

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