Form 1095-B: Health Coverage: What it is, How it Works
Автор: Simple Explain
Загружено: 2024-01-22
Просмотров: 2171
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Form 1095-B is used to report health insurance coverage details to the IRS. It is sent to taxpayers who receive minimum essential health insurance coverage as defined by the Affordable Care Act (ACA). The form contains information such as the health insurance coverage, effective coverage dates, individuals covered, and the coverage provider. Recipients of the form do not need to send it to the IRS but must indicate on their tax return information provided from the form, such as how many months they had health insurance coverage during the tax year. Under the ACA, minimum essential coverage is required as part of the individual mandate for health insurance. The difference between Forms 1095-B and 1095-C lies in the source of the health insurance coverage.
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