When the Affordable Care Act, also known as healthcare reform, or the ACA for short, passed it came with a host of reporting requirements for employers and health insurance companies. In late March, you may receive one or more new tax forms related to the health insurance you may have had, or were offered, in 2015.
If you had health insurance through CareFirst or United Healthcare, the State of Maryland’s Department of Budget & Management is required to provide a 1095-C or a 1095-B to all insureds. You should receive the form no later than March 31, 2016. If you had health insurance through Kaiser, your form will be mailed directly to you from Kaiser.
If you have filed your taxes prior to March 31, 2016, there is no reason to despair. When the IRS extended the deadline for distribution of these forms, they also removed the requirement for employees to submit the form when filing their 2015 federal taxes.
When you receive the form, keep it with your tax records. When you file your 2016 taxes, you may be asked to include the forms you will receive in early 2017.
Last updated: March 4, 2016