MSU Human Resources >> Aca >> 1095-C FAQs


1095-C faqs

 
The 1095-C contains detailed information about the health care coverage provided by Michigan State University. If you were enrolled in health care coverage, worked an average of 30 or more hours per week, or were considered a full-time employee at any point in 2016, then you should receive a 1095-C. The information you report from the form will be used to determine whether you will pay a penalty for failing to have health care coverage as required by the Patient Protection and Affordable Care Act, also called Obamacare. Think of the form as your “proof of insurance” for the IRS.

You can see what the 1095-C (there are three versions: A, B and C. C is used by Michigan State University) looks like here:
https://www.irs.gov/pub/irs-prior/f1095c--2016.pdf.
Full-time employees and other employees, retirees and COBRA participants enrolled in a Michigan State University medical plan during 2016 will receive a Form 1095-C.
If you were not full-time (worked an average of 30 or more hours per week) during the 2016 calendar year and were not enrolled in health care coverage through Michigan State University at any time during 2016, you should not receive a 1095-C. You may also not receive a 1095-C if you were not the primary insured.
If you worked for more than one employer, you may receive a 1095-C from each company/employer.
When you receive your 1095-C, keep it for your records.
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 (including dependents) covered under your self-insured health plan.
If you do not have health care coverage and do not qualify for an IRS exemption, you may be subject to a fine when you file for your 2016 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 might be delayed.

You can find more 1095 information here on the IRS website. For more information and questions about your 1095-C, contact the HR Solutions Center at 517-353-4434 or via email at SolutionsCenter@hr.msu.edu

Additional resources:

www.healthcare.gov

www.irs.gov

https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/Eight-Facts-about-New-ACA-Information-Statements

 

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