Form 1095-C

What Is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage?

Form 1095-C: Employer-Provided Health Insurance Offer and Coverage is a Internal Revenue Service (IRS) tax form reporting information about an employee's health coverage offered by an Applicable Large Employer (ALE). ALEs typically have at least 50 full-time employees.

Information from this form also decides a taxpayer's eligibility for credits, such as the premium tax credit.

Who Can File Form 1095-C: Employer-Provided Health Insurance Offer and Coverage?

This form is given by Applicable Large Employers to full-time employees who have been working for at least one months of the calendar year. ALE members must report that information for all 12 months or the whole calendar year for each employee.

Premium Tax Credit

The premium tax credit is a refundable tax credit payable by the IRS to eligible individuals and families and assists them with covering the premiums for their health insurance purchased through the Health Insurance Marketplace.

Instructions to File Form 1095-C: Employer-Provided Health Insurance Offer and Coverage

Form 1095-C is a reference document that isn't completed by the taxpayer. It isn't filed with a tax return. Instead, it ought to be kept with the taxpayer's records.

• Part I of the form gives information about the ALE member, including their name, address, and telephone number, for inquiries concerning the validity of the form or to report errors.
• Part II gives information about the health care coverage, if any, gave to the employee. In addition to information about the plan, it also reports employee-required contributions.
• Part III is completed provided that the employer offers a self-protected plan. It records the names of the covered individuals along with their Social Security numbers and dates of birth. This section also confirms uncovered months for the participants.

Form 1095-C is available on the IRS website.

Other Relevant Forms

In the event that Parts I and II are the main sections filled, the employee may also receive a Form 1095-B: Health Coverage, which gives proof of coverage from the insurer chosen by the employer.

Form 1095-B is utilized by employers to report information to the IRS and to taxpayers about individuals covered by least essential coverage and who are not liable for the individual shared responsibility payment.

An individual who obtains health insurance through Health Insurance Marketplace carrier will receive Form 1095-A: Health Insurance Marketplace Statement. Form 1095-A doesn't have to be returned to the government. It just fills in as a record of the individual's healthcare coverage. It includes information such as the effective date of the coverage, the premium amounts paid month to month, and any advance payments of the premium tax credit or subsidy.

Features

• Form 1095-C: Employer-Provided Health Insurance Offer and Coverage is a tax form reporting information about an employee's health coverage offered by an Applicable Large Employer (ALE).
• The taxpayer doesn't finish up the form and doesn't file it with a tax return; employers ought to keep the form with their records.
• Information from this form also decides a taxpayer's eligibility for credits, such as the premium tax credit.
• The premium tax credit is a refundable tax credit payable by the IRS to eligible individuals and families that have obtained healthcare insurance through the Health Insurance Marketplace in the tax year.
• Applicable Large Employers (ALEs) typically have at least 50 full-time employees.

FAQ

Is 1095-C Required for 2021 Taxes?

You don't have to include your 1095-C with your 2021 tax return or send it to the IRS, but you may utilize information from the form to assist with completing your tax return.

What Is 1095-C Form Used for?

Form 1095-C gives information about the health coverage offered by your employer and about whether you enrolled in this coverage. You can involve Form 1095-C to assist with deciding your eligibility for the premium tax credit.

How Do I Fill Out 1095-C 2021?

You can track down the specific instructions to file 1095-C for the 2021 tax year on the IRS website. Note, however, that the information required will be filled in by your employer.

How Do I Get My 1095-C Tax Form?

Form 1095-C is given by your employer (assuming it has at least 50 full-time employees.) It is also available on the IRS website.