Colorado Medicaid Members Begin Receiving IRS 1095-B Forms
Forms Provide Proof of Health Insurance
FOR IMMEDIATE RELEASE
January 14, 2016
DENVER, CO – This week Colorado Medicaid began sending its members IRS Tax Form 1095-B as proof of health insurance for the 2015 tax year. IRS Tax Form 1095-B is a federal tax document that includes information about the months during 2015 in which Medicaid members, and others in their household, were enrolled in qualifying health coverage as required under the Affordable Care Act.
This is the first year the state has been required to send the form to nearly everyone enrolled in Medicaid, and all those enrolled in Child Health Plan Plus (CHP+). Medicaid and CHP+ enrollees are not required to send the IRS information forms or other proof of health care coverage when filing their tax return. However, it’s a good idea to keep these records on hand to verify coverage.
“Since this is the first time our members are required to have proof of insurance, we want them to understand how important this document is,” said Susan E. Birch, MBA, BSN, RN, executive director. “Most people are required to have qualifying health care coverage and the 1095-B form provides our members that verification should the IRS request it.”
Colorado Medicaid has posted a set of frequently asked questions that introduces the new 1095-B Form. The questions and answers explain who should expect to receive the forms, how they can be used, and how to file with or without the forms.
About the Colorado Department of Health Care Policy and Financing: The Department administers the Medicaid and Child Health Plan Plus programs as well as a variety of other programs for low-income Coloradans who qualify. For more information about the department, please visit Colorado.gov/hcpf.