ACA Forms › Guide to Form 1095-B for the 2022 Tax Year
If you're a small employer or healthcare provider, completing your Form 1095-B filing showing all enrolled individuals is very important. Form 1095-B must be accurately filled out and submitted annually to the IRS. The form must also be provided to the Responsible Individual. To avoid errors, familiarize yourself with the 1095-B instructions for the 2022 tax year. When submitting this form to the IRS, it should be accompanied by the 1094-B transmittal form.
Form 1095-B is an information return filed by health insurance providers or employers offering self-funded coverage with fewer than 50 full-time + full-time equivalent employees.
For more info on Tax Year 2022 Form 1095-B, click here.
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This section needs to be completed with the personal details of the beneficiary or employee. It consists of nine lines, as detailed below:
Enter the individual's full 9-digit Social Security Number or an alternative TIN if an SSN is unavailable.
This line should only be completed if line 2 is left blank.
On this line, use the code that applies to the coverage provided to the individual and their dependents.
|Small Business Health Options Program (SHOP)|
|Employer-sponsored coverage, except for an ICHRA|
|Individual market insurance|
|Other designated minimum essential coverage|
For broken-down examples of ACA Codes Line 8 on Form 1095-B, download our PDF Line 8 Code Guidance.
This section must be completed by issuers or carriers of insured group health coverage plans, including SHOP-purchased coverage.
Note: Insurance companies that enter codes A or B on line 8 need to fill out Part II. Employers reporting self-insured group health plan coverage on Form 1095-B, with code B on line 8, should leave Part II blank. If you have entered code B for self-insured coverage, skip Part II and proceed to Part III. Part II should not be filled if the coverage comes from a multiemployer plan.
This section should be filled out by the entity providing the coverage. This could be the issuer or carrier of insured coverage, a government agency supplying government-backed coverage, a sponsor of a self-insured employer plan, or other coverage sponsors.
In Part IV, information about the individual and dependents enrolled under the coverage should be given. Continuation Sheets can be used if more than six covered individuals need to be added.
Note: The Responsible Individual should be listed in the Covered Individuals section if they had coverage for any month of the year.
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BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.