Got a Form 1095-B in the mail and feeling confused? Don't worry, you're not alone! This form is proof that you and your family had qualifying health coverage for at least some months of the year. It's essentially an informational document, not something you typically need to file with your federal taxes (unless you're filing for certain state tax returns, so check your state's rules!).
The 1095-B, officially titled 'Health Coverage,' details who was covered under your health insurance plan and for what months. You'll usually receive it from your insurance provider, employer (if they're self-insured), or government agencies like Medicaid or Medicare.
While you might not need it for federal filing anymore (thanks to the individual mandate being repealed), keep it for your records. It can be helpful for verifying coverage if you encounter issues with healthcare providers or need to demonstrate continuous health insurance coverage for other purposes. Understanding your 1095-B empowers you to be more informed about your healthcare benefits!
