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New Mexico Form 1095-C: What You Should Know
Enrollment information reported on a 1095-C form may or may not have been completed as an actual application for Medicaid coverage for that employee, and employer may have sent in an offer for employer-provided health insurance coverage as part of its contribution to State-provided health insurance (Healthy New Mexico), and the health coverage would continue to be subject to federal and State taxes. A 1095-C form is also used by an employer to report the employer contribution to Health Insurance Premium Tax Credit (HT PTC) if employee is eligible for a large employer contribution (not as small an employer contribution as may be made in the small employer option) to PTC and there are additional benefits provided for the employee in the form of an PTC tax credit.
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