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.
Taxpayers should receive Affordable Care Act information statements from their employer(s) or coverage provider by early March in 2021 regarding their 2020 health insurance coverage.
Form 1095-C is sent to certain employees of applicable large employers. Applicable large employers are those with 50 or more full-time employees.
Form 1095-C contains information about the health coverage offered by your employer in 2020. This may include information about whether you enrolled in coverage. Use the information contained in the 1095-C to assist you in determining in you are eligible for the premium tax credit.
- If you enrolled in a health plan in the Marketplace, you may need the information in Part II of Form 1095-C to help determine your eligibility for the premium tax credit.
- If you did not enroll in a health plan in the Marketplace, the information contained in Part II of your 1095-C form is not relevant.
Use form 1095-C for information on whether you or your family members enrolled in certain kinds of coverage offered by your employer- sometimes referred to as "self-insured coverage".
- If form 1095-C shows coverage for you and everyone in your family 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 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 if 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 payment is not applicable for tax year 2020.
You do not need form 1095-C to complete your taxes. Form 1095-C does not get filed with your tax return. Keep a copy of the form with your tax records for future reference. If you have any questions about the information contained on the 1095-C form, please contact the issuer.