The health care law will bring some changes to the 2015 federal income tax return that individuals file in 2016 with the Internal Revenue Service (IRS). This year marks the first time that taxpayers may receive multiple information forms that they can use to complete their tax returns and store with their tax records. The information forms are:

  • Form 1095-A, Health Insurance Marketplace Statement
  • Form 1095-B, Health Coverage
  • Form 1095-C, Employer-Provided Health Insurance Offer and Coverage

Taxpayers who enrolled in coverage through the Marketplace may qualify for a premium tax credit and must file a tax return to claim the credit, and to reconcile any advance payments made on their behalf in 2015. These taxpayers should receive a Form 1095-A. If you are expecting to receive a Form 1095-A, you should wait to file your 2015 income tax return until you receive that form. The Internal Revenue Service (IRS) has posted a set of questions and answers that introduce the new Forms 1095-B and 1095-C. The questions and answers explain who should expect to receive the forms, how they can be used, and how to file with or without the forms.

Like last year, taxpayers can prepare and file their returns using other information about their health insurance. If you and all of your dependents had coverage for each month of the tax year, you will indicate this on your 2015 tax return by checking a box on your Form 1040, 1040A or 1040EZ.

Entertainment Partners offers ACA compliance solutions to various production companies and studios in the entertainment industry. This includes preparing and filing the required reports with the IRS. You may receive a copy of Form 1095-C from EP that will be filed with the IRS on behalf of the production company you worked for during 2015. Please note that not all production companies have contracted with EP for fulfillment of this reporting obligation.

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Can you get more than one Form 1095-C?

If you worked for more than one production company in 2015, you will receive a Form 1095-C from each production company. For example, if you changed jobs and were offered insurance coverage by multiple production companies, you will receive a Form 1095-C from each production company.


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What if you have more questions?

You may contact EP at 800.417.0037 for specific questions on the content of the 1095 form.


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What is the difference between a 1095-A, 1095-B, and 1095-C?

The forms are similar. The main difference is (1) who sends the form to you and (2) the purpose of the form.

Your employer is responsible for providing you a Form 1095-C. This form indicates on a monthly basis whether you had access to employer subsidized insurance and whether you enrolled in that insurance.

If you enrolled in insurance, the entity through which you obtained coverage (such as the insurancecarrier) is responsible for sending a Form 1095:

– You may receive a Form 1095-A if you were enrolled in insurance coverage through a federal or state marketplace (also called an exchange).

– You may receive a Form 1095-B if you were enrolled in insurance coverage obtained through an employer-sponsored plan or if you obtained an individual policy.


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What is the purpose of this form?

– To provide you with information that may be helpful to you and your spouse/dependents when preparing your 2015 federal income tax return

– To provide the IRS with information to show that your employer is complying with ACA reporting regulations

– To provide the IRS with information to show whether you maintained adequate health insurance or qualified for tax-subsidized coverage on a public exchange


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What should you do with the Form 1095-C?

You should keep the Form 1095-C and any Form 1095-A or Form 1095-B that you receive as support when you complete your federal income tax return. Please consult with your tax advisor as to how long you should retain this information in your files.


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Why would you receive a Form 1095-C?

You were a full-time employee and/or were offered health insurance by your production company, also known as your common-law employer.


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