Form 1095-B (2023)

What is IRS 1095-B?

Form 1095-B or Health Coverage form is intended to show the IRS the details of taxpayer health insurance. Considering the Affordable Care Act (or Obamacare), almost all US citizens must have at least the minimum required coverage. The taxpayer will need to review the information on IRS 1095-B when it is time to file a tax return, in particular, to check the box asking if the submitter has insurance coverage.

What I need the IRS 1095-B for?

The form may be used by the employers who cover the health insurance of their employees, or insurance providers. The first case is much more typical, but it is applicable only if the company has less than 50 full-time employees. If 50 or more employees work for the company, the employer has to file IRS 1095-C. Although the information provided on Form 1095-B is mentioned in the annual tax return, there is no need to attach it to 1040 or an equivalent form. The completed report must be kept in the tax records of the individual.

Filling out IRS 1095-B

The form requires a person to state the following information:

• Part 1: Responsible individual (employee) information;
• Part 2: Employer-sponsored coverage information;
• Part 3: The issuer or Other Coverage Provider;
• Part 4: Covered individuals.

Organizations that work with IRS 1095-B

The form isn’t supposed to be sent in any organization.

Relevant to IRS 1095-B form 2021

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