Important Health Coverage Information for Your 2018 Taxes
Currently, under the Affordable Care Act (ACA), you are required to verify on your federal income tax return that you, and your spouse and/or individuals you claim as dependents, had qualifying health coverage (referred to as “minimum essential coverage”) for some or all months during the tax year. You must verify your qualifying health coverage or report your shared responsibility payment on line 61, Schedule 4 and line 14 of Form 1040.
Individuals who did not have minimum essential coverage and do not qualify for an exemption, may have to pay a penalty known as the “individual shared responsibility payment.”
What is Form 1095-B?
You will receive Form 1095-B because either you bought your coverage directly from Horizon Blue Cross Blue Shield of New Jersey and not through Healthcare.gov, OR you have Horizon BCBSNJ coverage through your fully insured employer. Form 1095-B provides information about your Horizon BCBSNJ health insurance coverage to help you properly prepare your tax return for the Internal Revenue Service (IRS).
Form 1095-B reports the names, addresses and Social Security Numbers (SSNs) of individuals covered under a fully insured health plan, and the number of months each member had coverage from January 1, 2018 through December 31, 2018. You do not need to attach Form 1095-B to your federal income tax return.
What information is listed on Form 1095-B?
Form 1095-B includes the following information for you and, if applicable, your covered dependents:
- Last four digits of the SSNs
- Date(s) of birth (if SSNs are not available)
- Months of fully insured health insurance coverage with Horizon BCBSNJ
If you had Horizon BCBSNJ coverage through your employer during the 2018 tax year, see the Employer-Sponsored Coverage section (Part II) on the form for information about your employer-sponsored coverage. Part III on the form, Issuer or Other Coverage Provider, reports information about Horizon BCBSNJ.
Horizon BCBSNJ will report to the IRS the months that you and your covered dependents had qualifying health coverage through Horizon BCBSNJ. Horizon BCBSNJ can only provide you with the months that you and your qualified dependents had Horizon BCBSNJ fully insured coverage.
What do I need to do?
- When you receive Form 1095-B, review the information for accuracy.
- If your information is incorrect, please call Member Services at the number on the back of your member ID card.
- You do not need to attach Form 1095-B to your federal income tax return.
For More Information
Horizon BCBSNJ wants to make sure you have the information you need. To learn more about the shared responsibility payment under the ACA, visit the IRS website. You may also visit HorizonBlue.com/faqs and click Social Security Number Solicitation from the drop down menu.
Learn more about the NJ Individual Mandate.
Horizon BCBSNJ cannot provide tax advice; if you need help, please contact your tax advisor or consult the IRS with specific questions.