Page History
...
The Affordable Care Act (also known as Obamacare) , requires Insurance insurance providers to issue a form called a 1095-B that details an employee’s previous year's medical insurance coverage, including the type of coverage you had, dependents covered by your insurance policy, and the period of coverage (from the prior year). This form is used by the employee to verify on their on his or her tax return that the employee (and family members, if applicable) had at least minimum qualifying health insurance coverage. If there is a break in health-care coverage for the tax year (for the employee and/or dependantsdependents), the employee may have to pay an individual shared-responsibility payment, also known as a tax penalty.
Uninsured individuals may still be able to avoid the tax penalty if they qualify for an exemption. Exemptions are available for several reasons, including financial hardship and membership in certain groups. Please consult with your tax advisor if you have questions about if you qualify for an exemption.
What is a 1095-C Form?
The Affordable Care Act , or Obamacare, requires (also known as Obamacare) requires certain employers to offer health insurance coverage to full-time employees (workers who work 30 hours a week or more) and their dependents. The IRS requires these employers to send an annual statement (1095-C) to all employees that who were eligible for medical insurance coverage. The 1095-C form details for what months medical insurance coverage was offered and accepted/declined by the employee. Reliant issues 1095-C forms in January of each year to all of our employees in January of ecah year, that who were benefits eligible at some point during the previous calendar year.
What should
...
I do with the 1095-B and 1095-C forms?
- Review your 1095-B and 1095-C forms for accuracy. If If the information on either of these forms differs from what you believe it should be, notify Reliant immediately. Contact Barb Seckler - — payroll@reliant.org or call 407-671-9700 ext 108.
- Save these forms and when prompted by your tax advisor or tax software, enter the information into your tax-return documentation , as listed on your appropriate forms.
