What is the difference between Forms 1095-A, 1095-B, and 1095-C?
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Last modified 11/3/2023 1:58:09 AM EST
1095 forms are used to report the maintained health coverage information to the IRS. This helps the IRS to determine whether you had a minimum essential coverage under the Affordable Care Act throughout the tax year to avoid penalties.
If you fail to meet any of the exemption requirements, you need to pay a huge penalty imposed by the IRS.
The major difference between these three forms are discussed below:
| Form 1095-A | Form 1095-B | Form 1095-C |
|---|---|---|
|
Form 1095-A is for individuals who have purchased health insurance coverage through the health insurance marketplace, often called a local exchange. |
Form 1095-B is usually mailed by the insurer to individuals who have enrolled in their employer’s fully insured plan to report their minimum essential coverage. |
Form 1095-C is generally distributed from Applicable Large Employers (ALE) to employees who enroll in their health insurance coverage. |
If you are an employer looking to e-file your 1095 forms with the IRS? Get in touch with our ACAwise support team; we will discuss your requirements and set up an ACAwise account for you accordingly.
From there, you can upload your employee’s data with us. We will generate and e-file your ACA Form 1095 with the IRS and with states that have passed individual mandate. ACAwise offers a solution for the postal mailing of 1095 copies to your employees. We perform USPS address validations to ensure that your employees receive the copies at the correct address without any delay.