Due to tax law changes, beginning Jan. 1, 2019, you'll no longer be required to have minimum essential coverage. Each January you'll still get an IRS Form 1095 from your pay center listing the coverage you had during the previous tax year.
Form 1095-B is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage and therefore aren't liable for the individual shared responsibility payment.
The 1095-B form is sent to individuals who had health insurance coverage for themselves and/or their family members that is not reported on Form 1095-A or 1095-C.
The 1095-B is sent by the Health Care Providers such as:
- Insurance companies outside the Marketplace
- Government agencies such as Medicare or CHIP
- Employers who provide health coverage known as "self-insured coverage" but are not required to send form 1095-C to the individual
- Also sent by other coverage providers
The 1095-B form provides information about your prior year health coverage. Use the information contained on the 1095-B form to determine if you and your family members had health coverage that satisfies the individual shared responsibility provision.
If form 1095-B shows coverage for you and all your family members for the entire year, select 'Yes' when asked "Was your entire household insured for all 12 months of 2020?".
If there are months when you and/or your family members did not have coverage, select 'No' when asked "Was your entire household insured for all 12 months of 2020?". Then determine of you qualify for an exemption or must make an individual shared responsibility payment. If you do not have coverage for the entire year and do not enter an exemption, the program will automatically calculate the Individual Shared Responsibility Payment for you. This will be shown on line 61 of your 1040 Individual Tax Return Form. The individual shared responsibility does not apply for tax year 2020.
You do not need to wait for Form 1095-B to file your tax return if you already know this information. Form 1095-B is not included in your tax return. Please keep a copy of form 1095-B with your tax records for future reference. If you have any questions about your 1095-B form, please contact the issuer of the form.