Information about new IRS Form 1095-C

In March 2016, some employees will receive a new tax form called the 1095-C that will contain important information about their University System of Georgia health care coverage.

Employees who will receive the form include those who:

• Were enrolled in health care coverage through the USG at any point in 2015.
• Worked an average of 30 or more hours per week or were considered a full-time employee as defined by the Affordable Care Act (ACA) in 2015.

All employers are required to send Form 1095-C to applicable employees as part of the ACA. It contains information that will help you answer questions on your tax return regarding the ACA’s individual mandate. If you qualified as a full-time employee as defined by the ACA and you purchased insurance through the ACA’s health insurance marketplace, the form will contain information that may help you and the federal government determine your eligibility for a premium tax credit.

Form 1095-C FAQs may be found here, and more information about this form is available on the IRS website.

NOTE: In any month that you are eligible for health coverage through the USG, you and your family will not be eligible for a premium tax credit for coverage purchased in the ACA’s health insurance marketplace because the USG’s health coverage provides minimum value and is considered “affordable” by ACA standards.

For 2015 tax filing purposes, if you wish to file your tax return prior to receiving the Form 1095-C, you may provide the information as you did last year on your 2014 tax form with any updated information you have. You will not be required to amend your tax return solely because the information on the Form 1095-C you receive after filing your tax return is different. Please consult with your tax advisor for tax advice.

If you have general questions about your 1095-C form, email the USG Shared Services Center at helpdesk@ssc.usg.edu or call 1-855-214-2644.