The IRS released draft Forms 1095-A and 1095-B for the 2022 reporting year. Form 1095-C has not yet been issued, nor have related instructions.
Form 1095-A is used to report information to the government about individuals who enroll in a qualified health plan through the Health Insurance Marketplace. This form is also used for individuals who want to take the premium tax credit for Marketplace coverage.
Form 1095-B is used to report information to the IRS and taxpayers about individuals who are covered by minimum essential coverage.
Form 1095-C is filed and furnished to any employee of an applicable large employer member who is a full-time employee for one or more months of the calendar year.
The initial release of 1095 draft forms serves as a reminder for employers to make sure they are gathering data and preparing for 2022 calendar year Affordable Care Act reporting.
For information about BAS’ Affordable Care Act data collection and reporting service, contact your account manager or solutions@basusa.com.