IRS Form 1095-B – This form is part of the Affordable Care Act. It is for reporting information to the IRS and to taxpayers about individuals not covered by the minimum essential healthcare coverage.
For example, any person who provides minimum essential healthcare coverage to an individual must file an information return reporting the individual’s coverage.
Four Parts of 1095-B
Part I identifies the policyholder for the insurance policy. For an employer-sponsored plan, this would be the name of the employee.
Part II identifies the employer, if the insurance is employee-sponsored.
Part III identifies the insurance company providing the coverage.
Part IV lists the people covered under the policyholder’s policy, by year or by month.
When You Need to File 1095-B
- If you provide minimum essential coverage to an individual during a calendar year
- Filers will use Form 1094-B (transmittal) to submit Form 1095-B (returns).
- Employers (including governmental employers) subject to the shared responsibility provisions sponsoring self-insured group health plans generally will report information about the coverage in Part III of Form 1095-C instead of on Form 1095-B.
Form 1095-B Deadlines For 2020
Forms must be transmitted to the IRS before the deadline. The due dates for Form 1095-B:
- Recipient copy > March 4
- IRS Paper Filing > March 31
- IRS eFile > February 28
If the due date falls on a weekend or holiday, it will be due the next business day.