The Affordable Care Act (ACA) was implemented to make healthcare access more attainable for all U.S. citizens.
Tax Forms, such as Form 1095-B, were also introduced to ensure that ACA requirements were being upheld.
Coverage providers, such as insurers and small employers, must submit Form 1095-B for any enrolled individuals.
This article is an exhaustive guide to understanding Form 1095-B for the tax year 2022.
Commonly Asked Questions
How are the B and C Series Forms Different?
Employers that offer coverage on a self-funded plan with less than 50 full-time + full-time equivalent employees
1 per Issuer
Issuer's information includes address, city, state, zip, and FEIN.
1 per Responsible Individual
Includes responsible individual and all covered individual information.
A 1094-B and its 1095-Bs MUST be filed together
Employers that offer coverage to at least 50 full-time + full-time equivalent employees
Includes employers with self-funded, fully-funded, ICHRA, and union-based plans
1 per Applicable Large Employer (ALE)
Includes ALE members' information, monthly head counts, and other EINs that share common ownership.
1 per Eligible Employee
Includes eligible employee information, coverage info, and other covered individuals (if applicable).
A 1094-C and its 1095-Cs MUST be filed together
What is Form 1095-B?
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.
Self-Funded Small Employers
less than 50 full-time + full-time equivalent employees
For more info on Tax Year 2022 Form 1095-B, click here.
What Data is Necessary to File ACA Form 1095-B Electronically?
Personal Details: Name, EIN, and Address
Employer/Coverage Provider Information: Name, EIN, and Address
Details of Issuer: Name, EIN, and Address
Consult our 1095-B guide to understand how to complete your Form 1095-B.
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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.