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Category: Form 8962 - Premium Tax Credit

1095-C – Employer Provided Health Insurance

Every employee of an employer that has 50 or more full-time employees who are eligible for insurance coverage starting in 2015 should receive Form 1095-C which is a statement of the Employer Provided Health Coverage. Eligible employees who decline to participate in their employer’s health plan will still receive a 1095-C which shows the coverage that they could have obtained. Form 1095-C identifies:

The employee and the employer.

Which months during the year the employee was eligible for coverage.

The cost of the least expensive monthly premium the employee could have paid under the plan.

The information contained on Form 1095-C is informational and allows the preparer to verify minimum essential health care coverage. It can also be used to assist the preparer in the entries to the Coverage Exemptions on Form 8965 and determine when the cost of Employer provided coverage is deemed unaffordable. The Taxpayer is not required to have Form 1095-C to complete the tax return.

If an employer with 50 or more full time employees does not offer its employees insurance, the 1095-C will indicate that fact.

For 2015, employers were given until March 31, 2016 to issue Form 1095-C to employees. Commencing with 2016, employers are expected to issue Form 1095-C to eligible employees by January 31.

Additional Information:

Form 1095-C and Instructions for Recipient

Instructions for 1095-C - 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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