What is a 1095-B or Health Coverage Tax Form?
At efile.com, we cover all the healthcare tax forms in the following pages:
- What is Form 1095-A-Health Insurance Marketplace Statement?
- What is the 1095-B-Health Coverage? (this page)
- What is Form 1095-C-Employer-Provided Health Insurance Offer and Coverage?
- What is Form 8962-Premium Tax Credit?
- What is Form 8965-Health Coverage Exemptions?
When you prepare your tax return on efile.com, you can easily report and efile your healthcare information with your return.
What is a 1095-B?
Form 1095-B, Health Coverage, lists information about your health insurance if you and/or your family member(s) are enrolled for coverage through an insurance provider for some or all of the year via your employer. On efile.com, it's easy to report your 1095-B information. Answer a few simple questions and the efile software will automatically check a box on your return indicating you had full-year health insurance coverage.
Why Did I Receive a Form 1095-B?
You received a 1095-B form from your health insurance provider because you were a full-time employee working for an employer and have health insurance through that employer.
What is a HealthCare Provider?
A healthcare provider can be one of the following:
- an insurance company not in the Marketplace
- a government agency such as Medicare and Medicaid
- an employer who provides self-insured coverage
What is Self-Insured Coverage?
This is a health insurance plan offered by or on behalf of an employer to an employee.
Is It Possible That I Would Receive More Than One 1095-B?
You may receive more than one 1095-B form if one of these situations apply to you:
- you have coverage from more than one provider
- you changed employers or coverage during the year
- different family members received coverage from different providers
What Information is on the 1095-B?
The form includes information about your health coverage, such as who was covered and the months when the coverage was in effect.
How Do I Use Form 1095-B?
You can use it to report your health insurance information on your tax return, but you don't need to include it with your tax return. Keep the form with your tax records. During the efile process, you will be asked questions about your health coverage and the software will automatically check a box reporting healthcare information.
Am I Required to File a Tax Return If I Receive a 1095-B Form?
You may not need to file a tax return only because you received the form. However, you may need to file a tax return if your income is within the IRS filing requirements for your filing status and age.
How Do I Find Out if I Need to or Want to File a Tax Return?
Use our FILucator tax tool to determine whether or not you need to file a tax return.
Can I File My Tax Return Without Form 1095-B?
Yes, the IRS does not require you to include Form 1095-B with your tax return. You may keep it for your records. However, the IRS will receive a copy of your 1095-B form, so make sure that you report your information accurately on your return. The efile software will help you do this by checking your return for errors after you enter your health insurance information.
When Should I Receive Form 1095-B?
You should generally receive the form by March 31, 2018 for 2017 tax returns.
What If I Don't Receive My Form 1095-B?
Don't worry-you do not need to wait for the form in order to prepare and file your tax return, especially if you know your health insurance information. Make sure that you report your information accurately on your return though, since the IRS will receive a copy of your 1095-B.
How Do I Report My 1095-B Information on My Tax Return?
During the Healthcare section of the efile.com tax interview, answer "Yes" for the first question on having health insurance for the entire year and "No" for the second question for having insurance through the Marketplace. Once you do this, the software will check a box on your tax return reporting that you had full-year health insurance coverage.
What If I Was Not Covered By Health Insurance All Year?
If there is information in Part III of Form 1095-B stating that you did not have health insurance for the entire year, review this information to determine if there are months when you or your family members did not have coverage. If there are months you did not have coverage, you should determine if you qualify for an exemption from the requirement to have coverage. Otherwise, you must submit an individual shared responsibility payment to the IRS.
On efile.com, the software will automatically calculate your exemption or payment based on the information you enter.
More Information on Health Insurance and Taxes
How Does the Affordable Care Act/Obamacare Affect My Tax Return?
What is the Premium Tax Credit?
What are the Tax Payments and Exemptions for Not Having Insurance?
What Medical Expenses Can I Claim on My Tax Return?
How Do Health Savings Plans Benefit My Tax Return?