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OK online Form 1095-C: What You Should Know
You should report on this form any amount for which you paid more than a required amount, or incurred a payment that a health plan required your employer to pay for that you were unable to cover with insurance. For example, if you had coverage, and you had an unexpected illness, you should pay the amount for which you were unable to use your coverage. You will also see the following information: How much health care services you paid for over the previous 12 months How much your plan pays for each month for medical expenses (the amount paid per month) How much you covered for each year, or portion of the year, under your coverage For information on employer-provided health insurance, see Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. Form 1095-C is a record for the tax year and, therefore, covers a period of 12 months. Do I have to pay 1095-C or 1095-B if I didn't get an insurance policy with BCBS after my plan ended? No. You only have to report any amount for which you paid more than what you required in terms of coverage, or if your plan required your employer to pay more than you could have paid. If your employer offered you health insurance as a benefit from your normal employment, the company will make you a copy of your 1095-B form. Can I get Form 1095-C if I don't think my health plan will pay for my health care services? Yes. You might still be entitled to the coverage as a form of compensation, but this might be difficult. You could try to get Form 1095-C before you go on work that will require you to get the coverage. If you choose to use Form 1095-C to file the taxes, you will send it to the IRS on January 15 at the latest. The IRS requires an extension for individuals who file their individual income tax return for the same tax year (for example, the tax year before you file your 2023 return). Make sure to provide the amount reported as a result of any premium tax credit paid for health coverage for those years (for example, the amount paid for an individual health insurance coverage that is paid through a tax-refundable credit that is considered a qualifying health benefits package). Can I claim the health insurance deduction if you paid for my health care benefits? No. You do not be entitled to the deduction.
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