Beginning in January of 2016, a 1095-B tax form will be mailed to more than 400,000 Medicaid beneficiaries from our fiscal agent, Xerox.
As part of the Affordable Care Act (ACA), taxpayers are required to provide proof of health-care coverage that meets a standard referred to as “minimum essential coverage.” This is a mandatory provision enforced by the Internal Revenue Service (IRS). Taxpayers who do not have proof of health-care coverage may be subject to a monetary penalty when filing their taxes next year.
The ACA also requires state Medicaid agencies and Children’s Health Insurance Programs (CHIP) to provide each beneficiary with a 1095-B tax form. The 1095-B tax form has information to prove health insurance coverage from Medicaid or CHIP during the 2015 calendar year.
The 1095-B form documents the months that Medicaid or CHIP was your primary source of minimal essential health insurance coverage. If you had coverage from any other source for any month in 2015, that source will send you a 1095-B form. This includes other coverage sources, such as: COBRA, TRICARE, private insurance, etc.
The most important thing to remember is to keep all 1095-B tax forms that arrive in the mail.
Learn more about the 1095-B tax form
- The Mississippi Division of Medicaid does not provide tax advice. For more information about the 1095-B tax form, visit the IRS website at http://irs.gov/aca.
- Questions and Answers about Health Care Information Forms for Individuals (1095-B) from the IRS
- 1095-B tax form frequently asked questions (FAQs)
If you have questions about a 1095-B tax form sent from the Mississippi Division of Medicaid, please contact us toll-free at 1-866-597-2675.