Affordable Care Act

Form 1095-C Frequently Asked Questions

What is Form 1095-C? 

The Affordable Care Act (ACA) requires employers to send a tax form called the 1095-C to certain employees.  The 1095-C provides detailed information about the university's health insurance offer and months of coverage for employees, retirees, and other covered individuals, and if applicable, their enrolled family members.  The ACA requires most individuals to have qualifying health coverage, also referred to as minimum essential health coverage, or pay a penalty when filing their tax return.  This form will assist employees, retirees, and other covered individuals when completing their tax return by reporting the months they and their enrolled family members had qualifying health coverage from LSUHSC-NO during 2016.  The form may also be used to help determine your eligibility for a premium tax credit (subsidy).  As with any important tax document, you should keep the form(s) for your records.

 

Who will be provided Form 1095-C?

The following individuals will be provided Form 1095-C:

 

  • Employees enrolled in university health coverage during 2016
  • Employees not enrolled in health coverage, but considered full-time as defined by the ACA during 2016 (worked an average of 30+ hours a week)
  • A retiree or surviving dependent enrolled in university health coverage during 2016
  • A COBRA participant enrolled in university health coverage during 2016

 

What should I do with my Form 1095-C?

Keep your 1095-C for your records with your other important tax documents.  While you maynot need to attach your 1095-C to your tax return or send it to the IRS, you may use information from your 1095-C to help complete your tax return.

 

Why did I get more than one Form 1095-C?

If you worked at more than one company during 2016, you may receive a 1095-C from each company.

 

When will I get my Form 1095-C?

Your 1095-C for the 2016 tax year will be mailed to your home on or before March 2, 2017.  You may also access your form through Employee Self Service (Main Menu > Self Service > Benefits > View Form 1095-C).

 

What information is on the Form 1095-C?

There are three parts to the 1095-C:

 

  1. Part 1 reports information about you and your employer
  2. 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
  3. Part 3 reports information about the individuals (including dependents) covered under your plan.

 

How will the Form 1095-C impact my taxes?

If you do not have health coverage and do not qualify for an exemption, you may be subject to a fine when you file your 2016 tax return.

 

Whom do I contact with questions about Form 1095-C and filing my 2016 tax return?

The Internal Revenue Service has prepared Freqently Asked Questions.

 

 

Whom do I contact with questions about my health coverage?

Contact Human Resources at NOHRMBENEFITS@LSUHSC.edu

 

ACA Home Page