Everything you need to know about the 1095 form

With tax season in full swing, you may be wondering what to do with those 1095 forms, and what they’re all about. So let’s clear the air.

A 1095 form is kind of like a W-2 form. Your employer or insurer sends one copy to the IRS and one copy to you. A W-2 reports your annual earnings. The 1095 reports your insurance coverage to the IRS. You’ll use the information on the form to verify that you, your spouse, and/or any dependents had health coverage during each month of the past year.

You don’t need to submit the 1095 with your tax return. Keep it for your tax records, and file it away with your other important documents. When you go to file your tax return, you’ll be asked to tell the IRS whether or not you had health insurance for each month of 2017.

Who Will Send the 1095 to You? And When?

If you bought your Blue KC insurance from the Exchange:

You’ll receive Form 1095-A from the Exchange. If you need to make corrections or would like a duplicate copy, please contact the Exchange at 1-800-318-2596. The deadline for the Exchange to provide Form 1095-A is January 31, 2018.

If your Blue KC insurance is through your employer:

If your employer-provided coverage is fully insured or cost-plus, then you’ll receive form 1095-C from your employer and a 1095-B from Blue KC. If your employer-provided coverage is self-insured, then you’ll only receive a 1095-C from your employer. If you need to make corrections to your form, please contact your employer directly. Blue KC can provide a duplicate copy of the 1095-B, upon request. The 1095-C is the employer’s responsibility – you’ll need to contact your employer for a reprint of 1095-C. The deadline to provide Form 1095-B and Form 1095-C is March 2, 2018.

If you purchased your insurance directly from Blue KC (not on the Exchange):

We’ll send you a 1095-B form. If you need to make corrections to the form, or would like a duplicate copy, please contact us at the number listed on your member ID card. The deadline to provide Form 1095-B is March 2, 2018.

For more information about form 1095, visit the IRS website at irs.gov.

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