The tax filing season is quickly approaching and here’s some information for groups and individual clients to help them prepare.
Form 1095-B provides information for individuals who had a qualifying plan that met the requirements for minimum essential health coverage. For tax year 2021, the IRS does not require mailing Form 1095-B’s. Members can view and print their form on My Blueprint and can use the customer support email in My Blueprint to request a mailed copy. Forms will be available online by March 2, 2022 (IRS-mandated date).
As a reminder, the following members do not receive 1095-B forms from Arkansas Blue Cross and Blue Shield or its affiliates:
- Arkansas Works (coverage notification is provided by the state)
- Health Insurance Exchange policyholders (coverage notification is provided by the federal Centers for Medicare & Medicaid Services)
- Members of self-funded health plans (coverage notification is provided by the employer)
- Medicare Advantage members
- Medi-Pak® Medicare supplement policyholders
Fully insured groups with more than 50 full-time employees and all self-funded group health plans are still required to provide Form 1095-C to their members. Arkansas Blue Cross is not responsible for issuing these forms. Employers who wish to receive an employee roster report for this purpose should contact their Arkansas Blue Cross representative.
This form is issued by CMS or the Health Insurance Marketplace for individuals who purchase coverage with qualifying health plans. This form is not issued by Arkansas Blue Cross.
Arkansas Blue Cross cannot offer tax advice. For additional information, groups and individuals can look on the Internal Revenue Service website at irs.gov or contact their tax advisor.
NOTE: This information is subject to change upon any alternative information issued by the IRS.