Form 1095-B Health Coverage Form
Health Insurance
Via Healthcare.gov
As stated above, there is no longer an individual mandate and you will not pay a penalty if you did not have health insurance in 2022. If you had health insurance and it was reported to you on a Form 1095-B, you do not need to file this form, but keep it for your records.
If you received health insurance through the Health Insurance Marketplace, also known as an Exchange, your coverage will be reported on a Form 1095-A and you will need to file this form with your 2022 Tax Return. You will also need to report your health insurance if you were enrolled through the Marketplace and advance payments of the Premium Tax Credit were made to your insurance company to reduce your monthly premium payment. If you need to report your healthcare information on your return for this reason, you can easily do this on eFile.com. When you enter your healthcare information in the eFile app, we will automatically report the required information regarding your health insurance and the Premium Tax Credit on the correct tax forms.
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At eFile.com, we cover all the healthcare tax forms on the following pages:
- Form 1095-A: Health Insurance Marketplace Statement
- Form 1095-B: Health Coverage (this page)
- Form 1095-C: Employer-Provided Health Insurance Offer and Coverage
- Form 8962: Premium Tax Credit
- Form 8965: Health Coverage Exemptions (no longer relevant for 2022 Taxes).
Form 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 and you have been covered by minimum essential coverage. Minimum essential coverage includes government sponsored programs like Medicare, Medicaid, Tricare for activity duty and retired military, and CHIP (Children's Health Insurance Program). It also includes some eligible employer-sponsored plans, individual plans purchased via the Marketplace, and coverage deemed as minimum essential coverage via the Department of Health and Human Services.
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 (this is a health insurance plan offered by or on behalf of an employer to an employee).
The 1095-B form is generally provided by employers or small businesses who have less than 50 employees. The Form 1095-B is used to report health insurance information to the IRS and taxpayers about their coverage. This form is for your information only and is not included in your tax return. You will only need to enter healthcare information if you were insured through the Marketplace and need to file Form 1095-A or if your state requires you to report your healthcare.
Healthcare and Taxes
The only 1095 form which needs to be reported on your federal taxes is a 1095-A. If you receive a 1095-B or 1095-C, keep this form for your records incase the IRS requests it for proof of insurance or any other reason. This form is obtained from the insurance provider. Your employer should issue your healthcare form following a tax year; Medicare or Medicaid generally issues this form automatically, but you can go to your online account or call them in order to get the form issued.
Once received, store your 1095-B with your other tax forms and keep them organized by year. When you e-file your taxes, you do not need to send in forms; keep forms only in the event that the IRS contacts you for further documents regarding your tax return.
More Information on Health Insurance and Taxes
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