What are the ACA forms?
The Affordable Care Act (ACA) forms are IRS tax forms used to report health coverage information to individuals and the government. These
forms help verify compliance with the ACA's requirements for health insurance coverage and employer obligations. Here's an overview:
1. Form 1095-A:
• Issued by the Health Insurance Marketplace.
• Documents health coverage purchased through the Marketplace, including premium amounts, tax credits, and months of coverage.
• Needed to file taxes if you received a Premium Tax Credit.
2. Form 1095-B:
• Issued by insurance providers (e.g., private insurers, Medicaid, Medicare).
• Confirms that you had minimum essential coverage for the tax year.
• Mainly for personal records; some states with individual mandates may require it.
3. Form 1095-C:
• Issued by Applicable Large Employers (ALEs) (companies with 50+ full-time employees).
• Reports the health insurance offered to employees and whether it met ACA requirements for affordability and coverage.
• May indicate the months you and your dependents were covered.