Get the 411 on Affordable Care Act 1095 Forms

Affordable Care Act (ACA)

What is a 1095? It’s simpler than you may think: a 1095 form tells you your health insurance status or offer of coverage. There are three types of this form, depending on the type of insurance you have, and two of those versions can simply be filed away for your records! You don’t need to wait for them to file your taxes.

Let’s take a look at this quick breakdown to see which 1095 form you’ll be getting and what to do with it:

Form 1095-A is sent to those who purchased health insurance through the Marketplace – either Healthcare.gov or a state marketplace. You will need this information to file your taxes, but luckily reporting your insurance information is as simple as entering your W-2 with TurboTax. If you had Marketplace insurance in 2016, you received this form last year, too!

Form 1095-B may come from your health insurance provider if you bought directly from the insurance company, a government plan like Medicaid or from your employer if your workplace has less than 50 employees. Most people actually won’t need this form to file taxes! Your insurance provider or employer will provide proof to the IRS that coverage was offered – all you need to do is check a box on your tax return if were. When you receive the form, check it for accuracy and keep it for your records.

Form 1095-C is very similar to 1095-B. It’s sent by employers with more than 50 full-time workers. Just like with 1095-B, if you know your coverage status, you won’t need this form to file your taxes. Check it for accuracy and save it for your records – all you will need to do in TurboTax is check the box that says you were covered. That’s it!

Have more questions about health insurance and taxes? Visit TurboTax.com for answers and tools to help you make the best decisions for you and your family – all for free.

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