These forms confirm that you had health insurance coverage and are issued by different organizations depending on the source of your coverage:
Form 1095-A: Issued by the Health Insurance Marketplace (also known as the Exchange) to those who purchased insurance through it. This form is mandatory for filing your tax return, as it is used to calculate the Premium Tax Credit.
Form 1095-B: Provided by insurance companies or government programs (such as Medicaid, Medicare) to individuals insured outside the Marketplace.
Form 1095-C: Issued by employers to their employees, indicating the health coverage that was offered to them.
After the federal penalty for lacking health insurance was eliminated in 2019, some states introduced their own penalties. Forms 1095-B and 1095-C are especially important for residents of states where such a penalty is in effect:
California
Massachusetts
New Jersey
Rhode Island
Vermont
District of Columbia
If you reside in one of these regions, having the corresponding form will help you avoid penalties for being uninsured.
