The ACA and IRS Form 1095
What is Form 1095?
IRS Form 1095 provides information about the health care coverage that you had, or were offered, during the previous calendar year. Much like W-2 and 1099 forms, which include information about the income you received, 1095 forms provide information that you may need when you file your individual income tax return.
What do you do with Form 1095?
You need not wait to receive the appropriate 1095 form(s) in order to file your taxes; you simply must indicate on your tax return if you and/or your dependents were covered by health care plans that provide minimum essential coverage and for how many months. All of Georgetown University’s group health plans provide minimum essential coverage. You do not have to submit a copy of the form to the IRS. However, it is recommended that you always keep a copy of each Form 1095 for your files, in case you need to reference them in the future.
Form 1095-C from Georgetown University
All full-time employees, retirees and covered dependents who were eligible for medical insurance through Georgetown University during 2023 will be receiving a Form 1095-C which contains information about the healthcare coverage offered by Georgetown University. The deadline by which Employers are required to provide the 1095-C form to employees has been extended by the IRS to March 1, 2024. You do not have to wait to receive the 1095-C form in order to file your taxes. You simply must indicate on your tax return if you and/or your dependents were covered by employer-provided health insurance plan and for how many months.
More information about Form 1095 (A, B, C)
There are three versions of this form: 1095-A, 1095-B and 1095-C. Your healthcare coverage or offer of coverage will determine what (if any) form(s) you receive.
- 1095-A: You will receive a copy of Form 1095-A if a federal or state marketplace (also called an exchange) provided your healthcare insurance and not Georgetown University.
- 1095-B: You will receive a copy of Form 1095-B from Kaiser if you were enrolled in Georgetown’s Kaiser healthcare plan.
- 1095-C: You will receive a copy of Form 1095-C from Georgetown University if:
- You were a full-time employee, even if you weren’t enrolled in any of Georgetown’s healthcare plans; OR
- You were enrolled in one of Georgetown’s United Healthcare OR CareFirst’s healthcare plans.
To learn more about the ACA and Form 1095, you may refer to the IRS website (https://www.irs.gov/affordable-care-act) for more details.