What is Form 1095-B?
TeamCare is required by the Affordable Care Act (ACA) to make Form 1095-B available to anyone who received coverage during the previous tax year. This form is used to verify, on your tax return, that you and/or your dependents have minimum essential health coverage. This information is also sent to the IRS. While the information on Form 1095-B may assist in preparing a return, it is not required. Taxpayers can prepare and file their returns using other information about their health insurance. Please review Form 1095-B instructions and/or consult with your tax professional.
Does TeamCare provide minimum essential coverage under the ACA?
Yes. Coverage under an eligible employer-sponsored plan (like TeamCare) constitutes minimum essential coverage under the ACA if coverage is offered to the employee, spouse (if filing jointly), and the employee’s dependents (defined as children under age 26). TeamCare is an eligible employer-sponsored plan.
How do I get a copy of my Form 1095-B
As of Jan. 1, 2020, TeamCare no longer automatically mails Form 1095-B to its members. Your form will only be available online, or by request.
If you would like a copy of your Form 1095-B, you can download one from the My Documents section of your Member Dashboard. You may also request a form be mailed to you by emailing firstname.lastname@example.org or writing to TeamCare – A Central States Health Fund, PO Box 5112, Des Plaines, IL 60017-5112 with your unique member identification number or social security number, daytime telephone number, and tax years needed. If your request matches a member on file, your 1095-B will be sent to the last known address we have for that member.
What if I had health coverage from different insurance companies?
If you had minimum essential coverage from multiple insurance providers, then you will have multiple 1095-B Forms on file with these other carriers. Your dependents may also have a Form 1095-B Forms if they had minimal essential coverage from another insurance provider. All 1095-B Forms will be on file with the IRS.
What do the check boxes in Part IV on Form 1095-B mean?
A check in a box indicates that coverage was provided for at least one day in the month indicated. If coverage was provided for at least one day in all months of the year, then column (d) is checked. Note: Coverage is not provided during waiting and establishing periods for members new to TeamCare, thus a box will not be checked during these months.
I believe that the boxes checked on my Form 1095-B are incorrect. What should I do?
Please send a message through the Message Center or contact us by mail at TeamCare, Accounts Receivable Department, P.O. Box 5108, Des Plaines, IL 60017-5108; be sure to include your daytime telephone number, a copy of your Form 1095-B, and indicate the information you believe to be incorrect. We will review your Form 1095-B and, if necessary, issue a corrected Form 1095-B. If we determine that the original form was correct, we will contact you and provide an explanation.
If my address is incorrect on my Form 1095-B, do I need to get a corrected form?
No. An incorrect address does not require a corrected Form 1095-B. However, you should log in at MyTeamCare.org to review and change your address, if necessary, in the My Profile section of your account.
- Does TeamCare provide tax advice regarding the Form 1095-B?
Why did I receive a Form 1095-C from my Employer?
The IRS mandates that companies determined to be “large employers” must also send a Form 1095-C to all their employees. Form 1095-C merely describes what coverage was made available to an employee, and Form 1095-B provides details about an employee’s actual insurance coverage, including coverage for dependents.
- How do I get a list of all out-of-pocket expenses to file my taxes?
Are my Short-Term Disability Benefits taxable? If so, how are they reported to the government?
Yes, your Short-Term Disability Benefits are taxable as income. The benefit amounts are reported to your employer so they can be included in your W2 at year end.