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Category: Form 8962 - Premium Tax Credit

1095-B – Insurance Coverage

Form 1095-B provides details about an employee’s insurance coverage, including who in the worker’s family was covered. This form is sent out by the Insurance Company rather than the employer. In cases where the employer is self-insured, that employer and not the insurance company will also send out the 1095-B and it may appear in a combined form with Form 1095-C.

The information contained on Form 1095-B is informational only and allows the preparer to verify coverage regarding dependents. It can also be used to assist the preparer in the entries to the Coverage Exemptions on Form 8965, but the Taxpayer is not required to have the 1095-B to complete the tax return and the preparer can use other information to complete the Coverage Exemptions.



1095-B provides information about your health coverage. The form has four parts:

 

Part I identifies the person whose name is on the insurance policy. For an employer-sponsored plan, for example, this would be the name of the employee.

Part II identifies the employer, if the coverage is employer-sponsored.

Part III identifies the insurance company providing the coverage.

Part IV lists each individual in the taxpayer's household who is covered by the insurance.

For each name, there is a box that is marked if the individual was covered by insurance for all 12 months of the year.

If the individual wasn't covered for the full year, the months the person was covered will be marked.

For 2015, insurance companies were given until March 31, 2016 to issue Form 1095-B to the individuals covered by the policies. Commencing with 2016, insurance companies are expected to issue Form 1095-B to eligible individuals by January 31.



Additional Information:

Form 1095-B and Instructions for Recipient

Instructions for Form 1095-B

IRS.gov - Questions and Answers about Health Care Information Forms for Individuals (Forms 1095-A, 1095-B and 1095-C)



Last Updated: 8/25/2016


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