You got a 1095B & 1095C... Now what?
Jordan Barta, MBA
Enterprise Software for Crypto & Digital Asset Finance, Tax, Accounting, Payments, etc.
You got a 1095B & 1095C in the mail... Now what do you do?!
Most employees will be receiving both a 1095C from their employer, and a 1095B from their medical insurance carrier. The 1095C is filed by employers with the IRS to show they are complying (or in some cases not) with the Employer Mandate of the ACA (Affordable Care Act).
The 1095B is filed with the IRS by the medical insurance carrier to show that the employee is satisfying the Individual mandate portion of the ACA.
These forms should be kept with employee records and no action is required.
If you work for a large organization and the company is self-funding their medical plan, you will only received a 1095C.
If you've got a specific question, please reach out and I'll facilitate an introduction to one of my specialists. If you have questions about health insurance and ACA tracking/reporting and filing, I'd be more than happy to help.
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