What is an IRS Form 1095-C?

The IRS Form 1095-C provides you with information about the health coverage offered by your employer.  You may receive a form even you decline coverage.  This form provides information about your coverage such as the number of months you and your dependents (if applicable) were covered.  It will also show the cost of the lowest monthly premium plan offered to you.

How does this affect me?

This form provides proof of health coverage for you and your dependents.  If you are not able to provide proof of enrollment, you could be subject to fines by the IRS.

When should I expect my form?

Employers are required to mail or hand-deliver the forms to the employees no later than January 31 of each year.  If you do not receive your 1095-C form shortly after this, you should contact your employer.

What should I do with my form?

You do not need your IRS Form 1095-C to file your taxes if you know your health insurance status.  You should review your form to make sure the information on it is correct when you receive it. If there are no inaccuracies with your form, you should keep the form in your files.  The form does not need to be mailed with your tax return to the IRS.  If there are any inaccuracies, you should notify your employer so the form can be corrected.

BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.

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