Please be advised that Form 1095-C “Employer-Provided Health Insurance Offer and Coverage” has recently been mailed to qualified employees.
Please see the list of “Frequently Asked Questions” below for additional information:
ACA 1095-C Form Frequently Asked Questions:
Q: What is a Form 1095-C?
A: The 1095-C is an informational form that contains details about health care coverage offered to employees working full-time (an average of 30 hours/week) at the University during 2020. Specifically, information from Form 1095-C will be sent to the IRS by the University to be used to determine whether individuals had “minimum essential health care coverage” as required by the Patient Protection and Affordable Care Act (ACA).
Q: Who needs a 1095-C form to complete their 2020 tax filing?
A: The IRS website states, “Some taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their 2020 tax return. While the information on these forms may assist in preparing a return, they are not required. Individual taxpayers should not wait for these forms and file their returns as they normally would. Like last year, taxpayers can prepare and file their returns using other information about their health insurance. You should not attach any of these forms to your tax return.” [See #3 on the website at https://www.irs.gov/affordable-care-act/questions-and-answers-about-health-care-information-forms-for-individuals]. You may want to speak with your personal tax advisor to confirm any information you will need to complete your individual tax filing for 2020.
Q: Who will receive a 1095-C form from the University of Vermont for 2020?
A: The following will groups will receive a 1095-C form from UVM:
- Employees who worked full-time (an average of 30 hours/week) during 2020.
- Employees who worked part-time and were enrolled in the VHP Open Access medical plan during 2020.
- Retirees enrolled in the VHP Open Access medical plan during 2020.
- Retirees enrolled in a UVM sponsored Medicare supplemental plan that also had dependents enrolled in the VHP Open Access Plan during 2020.
Q: Can you tell me more specifically what information is contained in the Form 1095-C?
A: There are three parts to Form 1095-C:
Part 1 – Employee and Employer Information: reports information about you and your employer.
Part 2 – Employee Offer and Coverage: reports information about the coverage offered to you by your employer, such as the cost for self-only coverage, and the full months in which you were the primary enrollee.
Part 3 – Covered Individuals: reports information about the dependents covered under your plan.
Q: Does the Form 1095-C affect the ability of employees to file their 2020 tax returns?
A: The IRS "Q&A" clarifies that taxpayers do not need to wait until they receive Form 1095-C to file their taxes (https://www.irs.gov/Affordable-Care-Act/Questions-and-Answers-about-Health-Care-Information-Forms-for-Individuals). Taxpayers are able to comply with minimum essential coverage filing requirements by checking a box on their Form 1040 – “U.S. Individual Income Tax Return” indicating that they had coverage for the year. Individuals do not need to file any evidence of coverage with their 2020 tax forms.
Q: Why didn’t I get a Form 1095-C from UVM?
A: If you were not working full-time (an average of 30 hours/week) for the University during 2020, a part-time employee or retiree enrolled in the University’s VHP Open Access Plan (medical plan), or a retiree with dependents enrolled on the VHP Open Access Plan, you will not get the form. If you believe you should receive a 1095-C from UVM and do not receive one, please contact Human Resources Services at HRSinfo@uvm.edu or call 802-656-3150.
Q: What should I do with the 1095-C if/when I receive them?
A: When you receive your Forms for tax year 2020, keep them for your records.
Q: Who should I contact if I have additional questions about minimum essential coverage requirements or IRS Forms 1095?
A: If you have general questions about minimum essential coverage requirements or IRS Forms 1095, please visit www.irs.gov or www.healthcare.gov, and/or consult with your personal tax advisor. Please do not hesitate to contact Human Resource Services at HRSinfo@uvm.edu or 802-656-3150 with additional questions.
Q: On a related ACA Compliance matter, why did UVM ask for missing social security numbers (SSN) of dependents on my medical coverage?
A: IRS regulations require that documented attempts be made by the University to secure updated SSN information on an annual basis. UVM Benefits Open Enrollment communications included a request for SSN verification for tax year 2020 reporting. Employees are able to update SSN information for medical dependents at any time using the two options listed below:
a. Online: PeopleSoft Self-Service: For details on how to update, see the Logging into PeopleSoft Self Service Instructions. Once updates have been submitted, you will receive an automatically generated email from PeopleSoft within 10 minutes of the submission.
b. Paper: Certification of Dependents form: This form can be found by clicking HERE. The certification of dependents form can be sent via secure file transfer to HRSinfo@uvm.edu or printed and delivered to 228 Waterman, 85 South Prospect St, Burlington, VT 05405.