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1095 FREQUENTLY ASKED QUESTIONS

1095 FREQUENTLY ASKED QUESTIONS . What is Form 1095? The IRS uses information on Form 1095 to determine whether you or your employer may have to pay a fine for failing to comply with the Affordable Care Act ( ACA, also known as Obamacare) by not having healthcare coverage for 2015. This is a new reporting form that is required by federal law for eligible US citizens and qualifying employees and contains information you can use in filing your taxes starting in 2015 and each year thereafter. There are three versions of this form: 1095-A, 1095-B and 1095-C.

The healthcare coverage reporting requirement is new for 2015. The forms sent to you by March 31, 2016 are for ... assist in paying for coverage on a healthcare marketplace/exchange. If you, or a family member, were enrolled in healthcare coverage …

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