Forms 1094-B and 1095-B

Forms 1094-B and 1095-B are IRS documents related to health insurance coverage reporting under the Affordable Care Act (ACA). Key points include:

1. Form 1095-B:

   – Provides information about individuals’ health coverage

   – Issued by health insurance providers or small self-insured employers

   – Details months of coverage for each individual on the plan

   – Sent to both the IRS and covered individuals

2. Form 1094-B:

   – Serves as a transmittal form for 1095-B

   – Used to submit 1095-B forms to the IRS

   – Includes summary information about the entity filing the forms

These forms help the IRS verify compliance with the ACA’s individual mandate (which is no longer enforced at the federal level but may be in some states). They’re typically due to individuals by January 31 and to the IRS by February 28 (if filing by paper) or March 31 (if filing electronically) each year. While individuals don’t need to attach these forms to their tax returns, they should keep them for their records as proof of health coverage.