All American’s are required to have health insurance. And individuals not covered by health insurance may be subject to penalties. The mandate and penalty arise from the passage of the Affordable Care Act (ACA).
The IRS enforces the Affordable Care Act mandates and penalties. To enforce or confirm that an individual is insured the IRS created Forms 1095-A, Form 1095-B and 1095-C.
Form 1095-A is also called the Health Insurance Marketplace Statement. It is an information return sent by Healthcare.gov or a state marketplace to individuals who purchased their health insurance through HealthCare.gov. Form 1095-A provides the dates of coverage, the amounts you spent each month for the coverage, who in your household was covered and other information needed to complete IRS Form 8962 Premium Tax Credit.
Form 1095-B is used by Health Insurance issuers to report to the IRS whether individuals have the minimum essential coverage necessary to comply with the ACA’s individual mandate.
Form 1095-C is used by large employers (those with 50 or more full-time employees) to report health coverage.
Our 1095 software makes it easy to import, print and/or efile IRS Forms 1095-B (and its 1094-B transmittal summary) and 1095-C (and its respective 1094-C transmittal summary) quickly and easily. The software includes the following 1095 modules:
| 1095-A | Health Insurance Marketplace Statement |
| 1095-B | Health Coverage |
| 1095-C | Employer-Provided Health Insurance Offer and Coverage |
Import…
Type information on the screen as it would be typed on the form itself. Or import the data from Excel (xls, xlsx) or some type of spreadsheet. Its easy to do and we have sample excel spreadsheets.
Print…
Our 1095 software will print the form and data or convert to PDF. Print Form 1095-A, 1095-B (and its transmittal summary 1094-B) and 1095-C (and respective transmittal summary 1094-C). Adjust the vertical and horizontal printing offsets so that your data prints perfectly on the form each and every time.
File Electronically…
File an unlimited number of 1095 forms electronically with the IRS.
Other Features…
Technical support is provided at no extra charge for the tax year that the software was purchased.
Free live update feature helps us communicate with you, the customer, and keep you up-to-date with the latest form revisions.
Data entered may be stored anywhere on your hard drive, portable drives, network drives or external diskettes for quick retrieval. You can also export your data to a csv file format.
Due Dates…
Furnish Copy B to the payer by January 31, 2016.
Paper file Copy A of this form with the IRS by February 28, 2016. If you file electronically, the due date is March 31, 2016.
