Affordable Care Act Form 1095-B available to Medical Plan members in February

January 29, 2020

Employees who had medical coverage through the Board of Pensions in 2019 will receive Form 1095-B in the mail in February, as required by the Affordable Care Act.

While individuals are no longer required to have medical coverage or pay a tax penalty, the Affordable Care Act (ACA) is still law. Among other provisions, the ACA requires plan sponsors, such as the Board of Pensions, to file Form 1095-B. This form shows that you and your family members either did or did not have medical coverage through the Board during each month of the past year. The Board sends one copy of the form to the Internal Revenue Service and one copy to you.

If you have questions about the form or what to do with it, here are some Q&As that may be helpful:

When should I expect to receive my 1095-B form from the Board?

You should receive Form 1095-B from the Board in the mail in mid-February.

What am I supposed to do with this form?

You do not need to do anything with the form, other than keeping it for your records. You won’t need it for your 2019 federal taxes. Starting January 1, 2019, there is no longer a federal penalty for not having medical coverage.

What if I live in a state or jurisdiction that requires me to have health coverage?

You may want to hold on to the form if you live in a state or jurisdiction that requires you to have health coverage even if the federal government does not. According to a Kaiser Family Foundation article published July 17, 2019, New Jersey, Massachusetts, and Washington, D.C. required individuals to have health coverage in 2019. California, Vermont, and Rhode Island will join them in 2020.

Who do I contact if I have more questions?

If you have additional questions, or if you believe you should have received Form 1095-B and did not, call the Board at 800-773-7752 (800-PRESPLAN).

Source: ifebp.org, Word on Benefits, January 15, 2020