1095 tax forms are official IRS documents that report information about an individual's health insurance coverage. These forms are essential for taxpayers to accurately report their coverage on their tax returns. There are three types of 1095 forms: 1095-A for individuals who purchased insurance through the Marketplace, 1095-B for individuals with coverage through an employer or government program, and 1095-C for individuals with employer-sponsored coverage. These forms provide details on the type of coverage, the months covered, and any dependents included in the plan. Filing these forms correctly ensures compliance with the Affordable Care Act and helps individuals avoid penalties.
