This month, you may receive a letter from your health plan telling you that you’ll receive a Form 1095-B in January or February. All current and former employees and retirees who had medical coverage through the Texas Employees Group Benefits Program (GBP) in calendar year 2015 will get this important tax form.
Under the Affordable Care Act, the Internal Revenue Service (IRS) requires employers to report medical coverage provided to employees and their dependents in the previous tax year. Every employee, retiree and former employee of a state agency, higher education institution and other agency who had medical coverage through the GBP in calendar year 2015 will receive a Form 1095-B from his or her medical coverage provider. If you opted out or waived GBP medical coverage, you won’t receive a Form 1095-B. Form 1095-B confirms medical coverage for you and your covered dependents. Receiving it doesn't mean you owe income taxes on the value of your health care benefits.
You will use information from Form 1095-B for tax filing purposes.
For more information, please see Form 1095-B frequently asked questions.