How to E-File Form 1095-B Online for 2021 with TaxBandits?
Are you ready to file your 1095-B Forms? Get Started with TaxBandits & file in minutes.
What Information is Required to E-file ACA Form 1095-B Online?
- 1. Individual details: Name, EIN, and Address
- 2. Employer/Coverage Provider details: Name, EIN, and Address
- 3. Coverage Individuals details: Name, TIN, and Date of Birth (if SSN or other TIN is not available), covered months
A simple cloud-based 1095-B E-file Software with amazing features!
Quickly and easily file health coverage information with the states that mandate health care reporting.
Take advantage of our bulk upload template and reduce the time taken to manually upload your ACA Form 1095-B data.
Deliver Recipient Copies
TaxBandits delivers recipients’ Form 1095-B copies by postal mail and/or through TaxBandits online Tax Form Access.
Access Form Copies
View, print, and download any of your ACA forms once they have been filed with the IRS / State.
Meet your Individual State Mandate Health Care Reporting Requirements
After the federal individual mandate was eliminated under the Affordable Care Act (ACA), California, the District of Columbia, Massachusetts, New Jersey, Rhode Island, and Vermont implemented an individual mandate at the state level.
ACAwise - A Full-Service ACA Reporting Solution
ACAwise supports data handling, form generation with required codes, data validations at every stage for accurate filing, IRS / State Filing, and distributing employee copies.
Frequently Asked Questions on Form 1095-B Filing
What is IRS Form 1095-B?
Form 1095-B is reported to the IRS by a health coverage provider who offers minimum essential coverage to any individuals during a calendar year. Minimum essential coverage includes government-sponsored programs, eligible employer-sponsored plans, individual market plans, and other coverage the Department of Health and Human Services designates as minimum essential coverage. Health coverage providers use 1095-B Form to report the information required under section 6055.
Typically the form is filed by insurance providers, including insurance companies, self-insured employers, employers with fewer than 50 full-time employees, and other agencies that provide health insurance coverage. A copy of Form 1095-B must be issued to the recipients. To learn more about the 1095-B Form, visit irs.gov.
What are the 2021 IRS updates on Form 1095-B?
For the tax year 2021, the IRS has released a final version of Form 1095-B. Based on the release, there is no change in the Form.
Note: The IRS release proposal which indicates that extending the recipient copy deadline permanently from January 31, 2022 to
March 02, 2022.
When is the due date to file Form 1095-B?
The IRS supports both paper and electronic filing for the tax year 2021. The due date for filing Form 1095-B is given below.
Form 1095-B due date for 2021 tax year:
- Furnishing Recipient copies - March 02, 2022
- Paper filing - February 28, 2022
- Electronic filing - March 31, 2022
If you prefer to e-file Form 1095-B, Sign up with TaxBandits and submit it to the IRS on or before the due date.
When to correct Form 1095-B?
If you find any errors or the IRS notified you on submitted 1095-B Forms, you can correct the errors and transmit it again with our e-file software. We also print & postal mail the corrected copies to your recipients.
What are the penalties for not filing ACA Form 1095-B?
If you have missed the ACA Form 1095-B filing deadline, failed to file with the proper information, or filed your form on paper when you were required to file it electronically, you may be penalized by the IRS. Penalty amounts are based on the size of the organization and the date the form is actually filed. Penalty fees range from $50 to $536,000.
How can I apply the extension to file ACA Form 1095-B?
If you’re unable to file ACA Form 1095-B on time, you can apply for an automatic 30-day extension by filing Form 8809 by your original due date. You can e-file and receive approval within an hour.
Click here to learn more about ACA Form 1095-B Extension.
Helpful Resources for Form 1095-B Filing
What is Form 1095-B?
Know about the Form 1095-B for 2021 ACA reporting. Read through this article to learn more about Form 1095-B.
Form 1095-B Due Date
The deadline to file your Form 1095-B with the IRS is March 31. Employers are also required to furnish 1095-B copies to employees by March 02.