You have Health Care Reform tax forms, we have information
Below is information on Health Care Reform related tax forms you may be receiving for the 2015 tax year:
Section 6055 Reporting – Minimal Essential Coverage (IRS Form 1095-B)
All HealthFlex participants will receive a letter and Form 1095-B from Businessolver on behalf of The General Board of Pension and Health Benefits. This form verifies the “individual mandate” for health coverage under Affordable Care Act provisions, which requires most U.S. citizens and legal resident aliens to maintain health coverage or pay a penalty.
Participants should keep the letter and Form 1095-B with their 2015 tax documents, but are not required to file the form with their 2015 individual tax returns.
Participants may call the General Board’s Health Team at (800) 851-2201 with corrections to their reported data. However, this is optional—the IRS is allowing a “good faith effort” for this tax year.
Requests for corrections should be sent to the Health Team by April 30; Businessolver will submit the full, corrected filing to the Internal Revenue Service in May.
Medicare-Eligible participants enrolled in AmWINS/First United American or OneExchange will receive the Form 1095-B directly from Medicare and should contact Medicare directly with any questions or corrections.
Section 6056 Reporting – Employer-Provided Health Insurance (IRS Form 1095-C)
Section 6056 reporting focuses on the “employer mandate” that requires applicable large employers (i.e., those with 50 or more full-time and full-time equivalent employees) to offer affordable health coverage or pay a penalty. The Upper New York Conference is considered an applicable large employer and required to comply; however, local churches within the Conference are considered small employers and are not required to comply.
The Upper New York Conference of The United Methodist Church has mailed Form 1095-C to Conference employees who were employed on a full-time basis (30 hours or more) at any point during 2015. The form indicates the lowest cost of single coverage offered, and which months the employee was covered. It does not include a list of covered dependents.
Employees should keep the Form 1095-C with their 2015 tax documents, but are not required to file the form with their 2015 individual tax returns.
Employees may call Human Resources at (315) 424-7878 ext. 302 with corrections to their reported data. However, this is optional—the IRS is allowing a “good faith effort” for this tax year.