What is Form 1095-B?
Form 1095-B, Health Coverage, is an IRS document that reports health insurance information for you and your dependents. It confirms that your health insurance meets the Affordable Care Act's minimum essential coverage requirements. This form is crucial for tax filing as it demonstrates that you maintain the necessary health insurance, helping you avoid potential penalties. Additionally, it serves as verification of your coverage for tax purposes, ensuring compliance with the law's health insurance mandates.
What is Form 1095-B used for?
Form 1095-B is essential for reporting health insurance coverage. Here’s what it’s used for:
- Reporting Health Coverage: Confirms health insurance for individuals and their dependents to the IRS.
- Verification of Minimum Essential Coverage: Ensures compliance with Affordable Care Act requirements.
- Proof of Insurance: Acts as proof to avoid penalties for lacking coverage.
- Compliance with IRS: Helps meet IRS regulations on health coverage reporting.
How to fill out Form 1095-B?
- 1
Enter Filer’s Information: Fill in your name on Line 1 and your Employer Identification Number (EIN) on Line 2. If you need one, apply online at IRS.gov/EIN.
- 2
Contact Information: Provide the responsible person’s name on Line 3 and their telephone number on Line 4.
- 3
Address: Complete Lines 5–8 with your full address for correspondence.
- 4
Number of Forms: Indicate the total Forms 1095-B transmitted with Form 1044-B on Line 9.
- 5
Part I: Responsible Individual: Fill in the responsible individual's name on Line 1, their SSN on Line 2, date of birth on Line 3, and address on Line 4.
- 6
Part II: Employer-Sponsored Coverage: Complete Lines 10-15 with the employer’s name, SSN, date of birth, and address.
- 7
Part IV: Covered Individuals: In Columns a–d, fill in the name, SSN, month of coverage offered, and coverage status for each covered individual.
Who is required to fill out Form 1095-B?
The groups responsible for completing Form 1095-B include parents, primary coverage subscribers, employees, former employees, and uniformed services sponsors for TRICARE. They report information about individuals covered by minimum essential coverage.
Taxpayers and their tax preparers use this form to verify health coverage for the tax year, ensuring compliance with the Affordable Care Act's individual mandate.
When is Form 1095-B not required?
Form 1095-B is not required for individuals with health insurance from individual market qualified health plans. Employers with over 50 full-time employees should use Form 1095-C instead. Additionally, health insurance issuers and carriers do not need to file Form 1095-B for these plans.
When is Form 1095-B due?
The deadline for Form 1095-B is February 28 each year for paper filing and March 31 for e-filing. Some states have earlier or different deadlines: California and Massachusetts require submission by January 31, 2025, while New Jersey, Rhode Island, and the District of Columbia have a deadline of March 3, 2025. Make sure to check local requirements to avoid any issues.
How to get a blank Form 1095-B?
This form is issued by health care insurers and employers with fewer than 50 full-time employees as required by the Affordable Care Act. Remember, our platform helps you fill and download the form, but not file it.
Do you need to sign Form 1095-B?
No, you do not need to sign Form 1095-B. This form is used to report health coverage information to the IRS and does not require a signature. However, it's always a good idea to check for the latest updates regarding tax forms to ensure you have the most current information. With PDF Guru, you can fill out the form, download it for your records, and handle any other necessary steps outside of our platform.
Where to file Form 1095-B?
To submit Form 1095-B, mail it to the appropriate IRS address based on your state. For states like Alabama and Arizona, send it to Austin, TX.
If you're in states like Alaska or California, direct it to Kansas City, MO. Remember, online filing isn't available, but you can request a print copy from your insurer.
