1095-C Information
Updated Form 1095-C Information
On November 18, 2016, the IRS extended the Affordable Care Act (ACA) reporting deadlines. The 1095-C tax form deadline has been extended, for reporting year 2017, from January 31, 2018 to March 2, 2018.
All University of Richmond employees who were offered benefits by the University of Richmond in 2017 will receive the 1095-C in mid-February. You do not need to file it with your taxes, but must keep it with your tax records. If you have specific questions about your tax filing, please consult a tax expert.
Please see the list of FAQs below for a better understanding of the form and what to do when or if you receive one. If you have further questions once you receive your 1095-C Form, an HR Representative will be happy to help you at URHR@richmond.edu or 804-289-URHR (8747).
Frequently Asked Questions & Answers about the Form 1095-C:
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What is a Form 1095-C?
The 1095-C contains detailed information about the health care coverage provided by your employer(s). If you were enrolled in health care coverage from your employer, worked an average of 30 or more hours per week, or were considered a full-time employee at any point in 2017, then you should receive a 1095-C.
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Who receives a Form 1095-C?
Employers with 100 or more full-time equivalent employees are required to send 1095-Cs to any employee who was full-time (worked an average of 30 or more hours per week) or who was enrolled in their health insurance plan in 2017.
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Why did I get a Form 1095-C?
If you were full-time (worked an average of 30 or more hours per week) or were enrolled in health insurance through your employer at any time during 2017, you should receive a 1095-C.
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Why did I get more than one Form 1095-C?
If you worked at more than one company or franchise, you may receive a 1095-C from each company/employer.
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Why didn’t I get a Form 1095-C?
If you were not full-time (worked an average of 30 or more hours per week) and were not enrolled in health care coverage through your employer at any time during 2017, you should not receive a 1095-C. You may also not receive a 1095-C if you were not the primary insured.
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Will I be fined if I did not receive a Form 1095-C?
If you don’t have qualifying health insurance, in some cases you can claim a health care coverage exemption. You can use the IRS Health Coverage Exemptions Form 8965 to find out if you qualify. Please visit www.irs.gov or www.healthcare.gov to learn more.
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When will I get my Form 1095-C?
You should receive your 1095-C for the 2017 tax year in mid-February. If you believe you should have received a 1095-C but did not, please contact URHR at URHR@richmond.edu or 804-289-URHR (8747).
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What should I do with my Form 1095-C?
When you receive your 1095-C, keep it with your tax records.
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What information is on the Form 1095-C?
- Part 1 reports information about you and your employer.
- Part 2 reports information about the coverage offered to you by your employer, the affordability of the coverage offered, and the reason why you were or were not offered coverage.
- Part 3 reports information about the individuals covered under your plan, including dependents.
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How will the Form 1095-C impact my taxes?
If you do not have health care coverage and do not qualify for an exemption, you may be subject to a fine when you file for your 2017 tax return. Or, if there’s a discrepancy in the information that you and your employer report to the IRS about the health care coverage offered to you, your tax return may be delayed.
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Do I need my Form 1095-C and my W-2 to file my taxes?
This year, you will not need the 1095-C form to file your taxes, but you should keep it for your tax records.
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What is the difference between a 1095-A, 1095-B, and 1095-C?
The forms are very similar. The main difference is who sends the form to you. The entity that provides you with health insurance will be responsible for sending a Form 1095.
- You will receive a 1095-A if you were covered by a federal or state marketplace (also called an exchange)
- You will receive a 1095-B if you were covered by other insurers such as small self-funded groups or employers who use the Small Business Health Options Program (SHOP)
- You will receive a 1095-C if you were covered by your employer
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What if I have questions?
If you have additional questions about your 1095-C, please contact URHR@richmond.edu. You may also visit www.irs.gov or www.healthcare.gov to learn more.