The IRS has released final Forms 1094 – B and 1095-B and accompanying instructions for 2015.

The 2015 forms will be used for mandatory filings first required in early 2016 to enforce Code 4980H; employer penalties, as well as individual mandate tax credit eligibility rules.

1094-B  FullSizeRender

By January 31, 2016, health coverage providers should furnish a copy of Form 1095-B, to you if you are identified as the “responsible individual” on the form.

Form 1095-B, Health Coverage, is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage and therefore aren’t liable for the individual shared responsibility payment.

Minimum essential coverage includes government-sponsored programs, eligible employer-sponsored plans, individual market plans, and other coverage the Department of Health and Human Services designates as minimum essential coverage.