Level 7

Solved

Proof of health coverage

Forum|Forum|5 years ago
May 6, 2021
8 replies
15 views

Why are clients still bringing me these forms from their employers? I thought the penalty was repealed 2-3 yrs ago.

ProSeries Professional

This topic has been closed for replies.

Best answer by dkh

I do believe employers are still required by IRS to prepare the forms 1095B / 1095C. Therefore, they must send to the employees.

sjrcpa

Level 15

At the federal level, the penalty was repealed.

Some people got an advanced premium tax credit. Some are eligible for a credit. Some would have to pay back the advance but for the late law change. Some states have a penalty. For all of these you need a form.

The more I know the more I don’t know.

G

GretaAuthor

Level 7

I'm not talking about 1095-A. Of course we need to analyze that. But employers are mailing their employees 1095-B and 1095-C. That's the law that went away 2-3 yrs ago, unneeded paperwork.

BobKamman

Level 15

Maybe because you don't inform them, through an organizer or otherwise, that you don't need those unless you ask.

Just-Lisa-Now-

Intuit Community Champion

Marketplace insurance may still need the 1095A entered and some states, like CA, DO require health insurance or a penalty applies.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

G

GretaAuthor

Level 7

I'm in Virginia, and am getting a lot of the proof of insurance papers, as from local colleges. Seems like a lot of work and postage that can be saved.

dkhAnswer

Level 15

I do believe employers are still required by IRS to prepare the forms 1095B / 1095C. Therefore, they must send to the employees.

PATAX

Level 12

@Greta if the children are listed on those health insurance forms maybe you can copy that and use that as part of your due diligence for EITC, CTC/ACTC, ETC. Just my opinion

IRonMaN

Level 15

Yeah, it doesn't hurt to keep a copy for that purpose. Besides, the ProSeries organizer asked if you received a 1095A for the year. I don't have that many clients that received them, but I have a lot of clients that checked that box and provided me with a 1095B, or 1095C. I guess some folks just never really learned their abc's in school.

Slava Ukraini!

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