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Form 1095 - Health Insurance Reporting

Kathie Gedde & Brenda Bartlett

January 29, 2016

Beginning in 2016, all taxpayers who have health coverage should receive a Form 1095 reporting details of the health insurance they had in place in the prior year.  While the form itself isn’t filed with your return, it’s important that you provide this form to your tax preparer so that the relevant information contained on it can be included on your tax return when filed.

Form 1095-A is utilized for those who received insurance from a Health Insurance Marketplace, or “exchange.”  Form 1095-B is used by health insurance companies to report the information to recipients and the IRS, and Form 1095-C is used by employers to report health insurance provided to employees.  Form 1095-A is required to be issued to recipients by February 1, 2016, but the deadline for Forms 1095-B and 1095-C has been extended to March 31, 2016.  If you expect to receive Form 1095-A, you should wait to file your tax return until that form is received.  Forms 1095-B and C, however, should not include information that is critical to the filing of your 2015 returns. 

If you receive your health insurance through your employer(s), you should receive a Form 1095 from the insurance company that holds your policy, or from your employer itself.  If you buy your own insurance directly from an insurance company, you will receive the 1095 from that insurance company.  If you buy your insurance through a healthcare exchange, your 1095 will come from that entity.

It’s important to note that if you had health insurance in 2015 from different sources, you could receive multiple 1095s and should provide them all to your tax preparer for proper reporting.

If you are an employer and provide insurance for your employees, you may not be required to provide Forms 1095 to your employees.  Large employers (generally, those with 50 or more full-time equivalent employees) are required to send Form 1095-C to any employee who was full-time for at least one month during 2015, or for any employee that is enrolled in that employer’s self-insured plan.

Additional information can be found on the IRS’s website at https://www.irs.gov/Affordable-Care-Act/Questions-and-Answers-about-Health-Care-Information-Forms-for-Individuals


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