Updated December 2017: On December 22, 2017, the IRS extended the due date for the 2017 form 1095-C reporting requirements. This means that the original deadline for issuing form 1095-C to employees has moved from January 31, 2018 to March 2, 2018. Even with the extended deadline, Penn State will have the 1095-C forms mailed out to individuals in January 2018.
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 a benefit-eligible employee at any point in 2017 then you should receive a 1095-C. You are not required to file your 1095-C form with your yearly tax return. The IRS website has specifically addressed this information under the question "What if I don't get my Form 1095-C?"
Employers with 100 or more full-time equivalent employees are required to send 1095-Cs to any employee who was enrolled in their health insurance plan in 2017.
Why did I get a Form 1095-C?
If you were a benefit-eligible employee at any point in 2017 then you should receive a 1095-C.
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.
Why didn’t I get a Form 1095-C?
If you were not a benefit-eligible employee at any point in 2017 then you should not receive a 1095-C. You also may not receive a 1095-C if you were not the primary insured.
When will I get my Form 1095-C?
You should receive your 1095-C for the 2017 tax year in January 2018, and no later than March 2, 2018. If you believe you should have received a 1095-C but did not, please contact HR Services at (814) 865-1473.
What should I do with my Form 1095-C?
When you receive your 1095-C, keep it for your records.
What information is on the Form 1095-C?
There are three parts to the form:
- 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.
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.
Do I need my Form 1095-C and my W-2 to file my taxes?
You will need your W-2 to complete your 2017 tax return. The IRS Q&A clarifies that taxpayers do not need to wait until they receive a 1095-C form before they file their 2017 taxes. Taxpayers do not need to send a copy of their form 1095-C to the IRS when filing their 2017 taxes.
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 exhange).
- 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 received health care coverage through your employer.
What if I have questions?
Can I obtain an electronic copy of my 1095-C form?
If this is your first time obtain your electronic 1095-C form, you can create a login using the "How to Log In" instructions below, along with the following temporary login credentials:
- Employer Name/Code: 16442
- Username/SSN: The Username or SSN needed for login will be your PSU ID
- Temporary PIN: Last 4 digits of you SSN + your 4 digit birth year
You will also be asked for security information.
If you have accessed your electronic 1095-C form in past years from www.mytaxforms.com, you will need to use the PIN that you previously set up, or use the “Forgot your PIN?” link to change your PIN information. There are further instructions on resetting your PIN within the “How to Log In” instruction sheet below.
What if I didn't receive or have lost my mailed 1095-C form?
You are able to obtain a 1095-C reprint or electronic copy by visiting www.mytaxforms.com and creating a login using the instructions provided below under Equifax Instruction Sheets.