Do you need a tax form for COBRA?
Asked by: Simeon Cormier | Last update: November 7, 2025Score: 4.9/5 (73 votes)
Do I get a tax form for COBRA?
If you had job-based health coverage. Depending on the kind of job-based coverage you had (including COBRA or retiree coverage), you may get one of these from your employer or insurance company: Form 1095-B, Health Coverage. Form 1095-C, Employer-Provided Health Insurance Offer and Coverage.
Do you report COBRA on taxes?
Yes they are tax deductible as a medical expense.
Do you get a 1095-C for COBRA?
An offer of COBRA coverage that is made to a former employee due to termination of employment is not reported as an offer of coverage on Form 1095-C.
Is the IRS Form 1095-B still required?
A: No. You do not need to include Form 1095-B with your federal or state tax return. But, the IRS and the California State Franchise Tax Board suggest that you save it with your tax records. Again, do this in the event you are required to provide the form as proof of your health care coverage.
COBRA Insurance | What You Need to Know
What happens if I don't get my 1095-B?
Form 1095-B is not required to file your state or federal taxes and you may self‑attest to your health coverage without it. You should get a Form 1095-B in the mail by January 31 following the reported tax year.
Are 1095 forms mandatory?
Some taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their 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.
Do you get 1095 A for COBRA?
Enrollment in Health Insurance will generate tax forms. Form 1095 will be issued by your insurance carrier. This form is for informational purposes and should be kept with your tax documentation.
Is COBRA taxable income?
COBRA premiums may be paid to the employee, and the employee would pay the insurance company directly. Since there is no guarantee that the employee will use the funds to pay the premiums, the funds are considered wages and subject to applicable taxes.
What is the difference between a 1095-B and a 1095-C?
Form 1095-B is primarily filed by health coverage providers and small employers with less than 50 full-time equivalent employees. Whereas Form 1095-C is filed by Applicable Large Employers (ALEs), i.e., employers with 50 or more full-time equivalent employees.
Do COBRA payments show up on W-2?
In general, each employer providing coverage will have to report the prorated cost on the employee's W-2. If the employee is terminated, the employer can also include the COBRA payment amounts paid by the employee after termination.
What is the tax credit for COBRA?
If your coverage is from a former employer, such as COBRA or retiree coverage, you can decline the employer coverage, even if it is affordable and provides minimum value, and may be eligible for the Premium Tax Credit for your Marketplace coverage.
Where do I enter COBRA payments on TurboTax?
Enter your COBRA premiums under Medical insurance premiums.
How do I report COBRA payments on my taxes?
According to the Federal tax laws, your unreimbursed COBRA payments are, in fact, deductible as medical expenses on your 1040 tax return in the same way that you can deduct unreimbursed payments for legal medical services provided by physicians, surgeons, dentists, and other medical practitioners, as well as any ...
How does Form 1095-A affect my taxes?
You will use the information from the Form 1095-A to calculate the amount of your premium tax credit. You will also use this form to reconcile advance payments of the premium tax credit made on your behalf with the premium tax credit you are claiming on your tax return.
How do I get my 1095C form?
You may receive these forms by U.S. Mail, or hand delivery (for example, from your employer); or, if you consented to receive the forms electronically, you may receive the form via e-mail. When will I receive these forms? By January 31st, covering the previous year.
Is box 12 dd required?
The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee's Form W-2, Wage and Tax Statement, in Box 12, using Code DD.
Are 1099 eligible for COBRA?
Says here "usually, you can't deduct COBRA premiums because the IRS requires the insurance plan be established under your business. Typically, your COBRA plan would be established under the business name of the employer providing the coverage — not under your business."
What is the tax penalty for COBRA?
The minimum tax levied by the IRS for non-compliance discovered after a notice of examination is generally $2,500. The maximum tax for “unintentional failures” is the lesser of 10% of the amount paid during the preceding tax year by the employer for group health plans, or $500,000.
Do I need a 1095-A to file my taxes?
Notice: You must have your Form 1095-A before you file. Don't file your taxes until you have an accurate 1095-A. If anything about your coverage or household is wrong, contact the Marketplace Call Center. Your 1095-A includes information about Marketplace plans anyone in your household had in 2024.
Do I need a 1095-C for COBRA?
If you are a self-insured employer, section 6055 reporting is required for both retirees and COBRA participants, and the forms used for this reporting (either forms 1094 and 1095-B or form 1095-C) must be furnished to the IRS and the individuals.
Why is the IRS asking me for form 8962?
Premium tax credit (PTC).
The credit provides financial assistance to pay the premiums for the qualified health plan offered through a Marketplace by reducing the amount of tax you owe, giving you a refund, or increasing your refund amount. You must file Form 8962 to compute and take the PTC on your tax return.
How do I know if I need a 1095 form?
Form 1095-A is sent by state and federal marketplaces to anyone who had marketplace coverage for the year. This form is absolutely required for taxpayers who received advance payments of the Premium Tax Credit (APTC) to help pay for health insurance coverage during the year.
Who is responsible for 1095 reporting?
Plan sponsors that are employers subject to the employer shared responsibility provisions must generally report the coverage on Form 1095-C and other plan sponsors (such as employers not subject to the employer shared responsibility provisions and sponsors of multiemployer plans) report the coverage on Form 1095-B.
Does the IRS still require proof of health insurance?
Health care coverage documents
You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it's a good idea to keep these records on hand. This documentation includes: Form 1095 information forms.