As with the Employer Shared Responsibility reporting forms, the IRS has not finalized the required reporting forms to distribute to individuals with medical coverage (§6055). Employees will use the forms to accurately report medical plan coverage information on their federal income tax forms and avoid (or pay) the individual mandate penalties.

If your medical plan is insured, the insurance carrier will prepare and distribute the Forms 1095-B to all covered individuals. If your medical plan is self-insured, your organization will complete an additional section of the Form 1095-C to report all covered individuals. Note that the forms require the Social Security Numbers of all covered family members. If your medical plan is self-insured and your organization does not currently maintain SSNs for covered spouses and children, please contact your corporate tax advisor for appropriate employee request procedures.

Because the forms are not finalized, your employees will not receive a Form 1095-B or 1095-C for the 2014 tax year. The IRS is not requiring either form for 2014 tax returns. Your employees should consult their personal tax advisor or reference the IRS website for additional information: