In order for the IRS to determine whether you are compliant with the Affordable Care Act’s (ACA) “Individual Mandate” and can avoid a tax, they need specific information from you related to health care coverage.
What is the Individual Mandate?
The ACA requires most US citizens to have health insurance or pay an additional tax.
What information does the IRS need from me?
They need to know whether you and your family members had “Minimal Essential Coverage” (MEC) at any point during the 2015 calendar year. Most group health plans will meet the MEC requirement as well as Medicare, Medicaid, CHIP, Tri-Care and any health coverage purchased on the exchange.
Where can I find this information?
This information can be found on a series of 1095 forms that you will receive if you or your family members have had any type of health insurance during the 2015 calendar year.
What do I do with the 1095 forms?
DON’T THROW THEM AWAY! You will use these forms when you file your 2015 taxes in 2016…
You should retain all 1095 series forms you receive to assure you have complete information.
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