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Form 1094-B MS: What You Should Know

Filing Status Not Required to File 1095-B, Report Health Employer Health (Self-Insured) Coverage — IRS 1095-B Form Required by Employer to Receive Health Insurance Tax Credit Mar 31, 2024 — Form 1095-B (and Form 8938 for self-insured coverage) are required by the employer for employer-provided health insurance. The employer's information may be reported on Form 8938, provided that any information that is required to be reported  is not included in the 1095-B form. (Note: If the self-insured coverage is not self-funded, the Employer is required to take a tax credit, instead of reporting an employee contribution for such coverage) Qualifying Coverage Exemption Exemption Exemption Employer-sponsored health insurance coverage provided by both  the employer and the employee are self-insured, but has a separate employer health plan with an annual premium tax credit (up to 2,400). This may be one or more employer plans. Note: The Form 1095-B will be issued only after Form 1094-B is filed with the IRS. Health Insurance Coverage and Income Exemption Health insurance coverage provided by one parent as a dependent does not include any employer-sponsored health insurance or a self-insured health plan  (an individual self-insured plan with an annual premium tax credit of up to 2,400). Income Exemption A deduction is claimed for any amount paid or incurred for the sale, provision or use of health insurance (Form 1040) that is not excluded from gross income by reason of a general medical treatment exception (e.g., a  preventive service rule, the religious exemption, or the home health care exception). The reducibility of  health coverage paid or incurred in excess of the gross income limitation for a particular filing status and for the tax year is not an entitlement to additional coverage for the tax year. Health Coverage Exemption A deduction is not required for any coverage (Form 1040) that is not for the purpose of obtaining health insurance coverage other than for medical treatment by you.

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