How to File Form 1095-B Online for 2023 with TaxBandits
Are you ready to file 1095-B Forms Electronically?
How to File 1095-B Electronically
What Information is Required to E-file
Form 1095-B?
- 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
Follow our 1095-B instructions, to learn how to fill out your Form 1095-B. Start e-filing your Form 1095-B with TaxBandits Today.
Benefits of Filing Form 1095-B Online with Amazing Features
Supports State Filing
With TaxBandits, you can not only complete your ACA filings with the IRS but also with the states if required.
Postal Mailing
Let TaxBandits distribute the form copies to the recipients securely via postal mail, eliminating the hassles of printing and mailing.
Online Access
Make the Form Copies available in a secure online access portal where they can provide consent and download their copies.
Bulk Upload
Our Excel Templates allow you to import ACA Form 1095-B data in bulk rather than using manual entry.
Supports Transmittal
Form 1094-B
Our software supports filing of transmittal Form 1094-B when you file Form 1095-B with TaxBandits.
ACA 1095 Corrections
TaxBandits also supports corrections of Form 1095-B/C and 1094-C. Correct your form with ease with TaxBandits.
Request a Customized Demo
Let’s simplify your tax filing process together! Request a demo from us, and we will contact you to schedule a personalized demo.
ACAwise - A Full-Service ACA Reporting Solution
If you need help with ACA Reporting, get started with our sister product, ACAwise. ACAwise offers
ACA Form filing on your behalf.
ACAwise supports data handling, form generation with required codes, data validations at every stage for accurate filing, IRS / State Filing, and distributing employee copies.
Success Starts with TaxBandits!
Frequently Asked Questions about
Form 1095-B Filing
What is IRS Form 1095-B?
Form 1095-B is filed by any entity that offers minimum essential coverage to any individuals during a calendar year.
Generally, health coverage providers and small employers use 1095-B Form to report the information required under section 6055.
A copy of IRS Form 1095-B must also be issued to the corresponding recipients.
To learn more about the 1095-B Form, visit irs.gov.
Who must file 1095-B Form?
Form 1095-B must be filed by entities that provide minimum essential health coverage to individuals. This form reports health coverage information to the IRS and is used by individuals to show they met the health coverage requirement under the Affordable Care Act. Entities required to file Form 1095-B include Health Insurance Providers, Self-Insured Employers and Other Health Coverage Providers.
Do I need to file 1095-B electronically?
If you are filing 10 or more 1095-B Forms, you are required to file electronically.
What’s the difference between a 1095-C and 1095-B?
Feature | Form 1095-C | Form 1095-B |
---|---|---|
Issuer |
Applicable Large Employers (ALEs) with 50+ full-time or full-time equivalent employees |
Health insurance providers, including insurance companies, small self-insured employers, and government programs (Medicaid, Medicare, CHIP) |
Purpose |
Reports health coverage offered by employers to full-time employees to ensure compliance with ACA employer mandate |
Provides proof of minimum essential health coverage for individuals for tax purposes |
Recipient |
Full-time employees of ALEs |
Individuals covered under the health plan |
Click here to learn more about the difference between Form 1095-B and 1095-C.
What are the 2024 IRS updates on Form 1095-B?
For the 2024 tax year, the IRS has released a final version of Form 1095-B. Based on the release, there is no change in the Form.
The IRS has updated the affordability and penalty rates for tax year 2024.
For more information, visit here.
When is the due date to file Form 1095-B?
These are the deadlines for filing and distributing Form 1095-B.
Form 1095-B due date for 2024 tax year:
- Furnishing Recipient copies - March 03, 2025
- Paper filing - February 28, 2025
- Electronic filing - March 31, 2025
How do you correct errors on Form 1095-B?
When you find errors on Forms 1095-B after they’ve been filed or the IRS sends you a notice, you can file aca corrections with TaxBandits.
We also print and mail updated copies to your recipients.
Does TaxBandits support ACA State Filing?
Yes TaxBandits supports state filing for the following states such as:
Click here to learn more about ACA state filing requirements
What are the penalties for not filing ACA Form 1095-B?
If you miss the ACA Form 1095-B filing deadline, or fail to file 1095-B, you may be penalized by the IRS.
ACA Penalty amounts are based on the size of the organization and the date the form is actually filed. Penalty fees can range from $50 to $536,000.
How can I apply for an extension for filing ACA Form 1095-B?
If you need additional time to file ACA Form 1095-B, you can apply for an automatic 30-day extension by filing Form 8809 by your original due date. Depending on the volume of the forms the IRS is processing, you can e-file and receive approval in as little as an hour.
Click here to learn more about the ACA Form 1095-B Extension.
How to file 1095-B online with TaxBandits?
-
Step 1: Enter Form Information
Choose Form 1095-B and select the tax year for which you need to file and fill in the form information. -
Step 2: Transmit it to the RS
After entering the form information, review the form and transmit it to the IRS and State. -
Step 3: Deliver Recipient Copies
Distribute the copies via postal mail or online access.