For example, you may need to report whether you, your spouse, or any dependents were offered employer-sponsored health coverage that was affordable and provided minimum value in the months for which you, your spouse, or your dependents received or are claiming the premium tax credit. If you, your spouse, or your dependents had health coverage through the Marketplace and received a premium tax credit or plan on claiming the premium tax credit on your tax return, you may need information about the State of Florida’s offer of health insurance coverage to complete IRS Form 8962, Premium Tax Credit (PTC), that is filed with your income tax return. If you or your tax return preparer needs additional evidence to confirm your coverage, you may obtain the information by reviewing your pay stubs showing payroll deductions for the purchase of coverage, your People First account, or your Form W-2 showing whether you were covered under the State Group Health Insurance Program and the total cost of the coverage. If you know that you (and your spouse and dependents, if any) had coverage for the entire year, you can simply check the box showing 12 months of coverage on your individual income tax return. You likely will know whether you (and your spouse and dependents, if any) were enrolled in the State Group Health Insurance Program and for what months you had coverage. Generally, you will not need the Form 1095 to prepare your individual income tax return. Form 1095 also provides you with information about the State of Florida’s offer of health insurance coverage to help you determine whether you are eligible for a premium tax credit if you purchased health insurance on the Marketplace. This information is important to provide you with evidence that you maintained a minimum level of health insurance coverage and, therefore, are not subject to a potential penalty – referred to as the “individual mandate” penalty. Form 1095 provides you with information about months that you (and your spouse and dependents, if any) were enrolled in the State Group Health Insurance Program. Unlike Form W-2, Form 1095 is strictly informational and is NOT attached to your income tax return. You may file your Individual Income Tax Return (IRS Form 1040, 1040A, or 1040EZ) before receiving Form 1095. The Department of Management Services Division of State Group Insurance intends to provide you with your individualized Form 1095 no later than January 31.
Your State of Florida employer is required to furnish each full-time employee and part-time employee who was enrolled in the State Group Health Insurance Program with an IRS Form 1095.
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