Received a Form 1095-B in the mail? Don't toss it! This little piece of paper is proof that you and your family had qualifying health coverage during the past year. Think of it like a receipt for your health insurance.
While you don't usually need to submit Form 1095-B with your federal income tax return (thanks to the individual mandate being effectively repealed), it's still a good idea to keep it for your records. It helps demonstrate you had minimum essential coverage, which might be required for state tax purposes (depending on where you live).
Confused about what information it contains? Typically, it includes details about your insurance provider, policyholder information, and the months you were covered. If you have any questions or notice discrepancies, contact your insurance provider or the issuer of the form directly. Understanding Form 1095-B is key to staying on top of your healthcare coverage and taxes!
