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Blue Cross Blue Shield (BCBS) tax forms can be a headache, but with the right information, you'll be able to navigate them like a pro.
To start, you'll need to determine which tax form you need to file. If you're a self-employed individual or have a side hustle, you'll likely need to file Form 1099-MISC, which reports non-employee compensation.
BCBS will send you a Form 1095-B, also known as the Health Coverage Statement, if you had health insurance through them. This form is required for tax filing and will help you determine if you're eligible for the Affordable Care Act (ACA) premium tax credit.
Keep in mind that the 1095-B form is only sent to individuals who had minimum essential coverage, which includes BCBS plans.
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Understanding Blue Cross Blue Shield
Blue Cross Blue Shield is a network of health insurance companies that provides coverage to millions of Americans. It's a bit confusing, but think of it like a big team of insurance companies working together.
There are 36 independent Blue Cross and Blue Shield companies in the US, each operating in its own state or region. This means you'll have a local Blue Cross Blue Shield plan, but it's still part of the larger network.
Blue Cross Blue Shield plans are required to provide certain essential health benefits, such as doctor visits, hospital stays, and prescription medications. This is a result of the Affordable Care Act, also known as Obamacare.
Some Blue Cross Blue Shield plans also offer additional benefits, such as dental and vision coverage, or wellness programs. These extras can vary depending on your plan and location.
To file your Blue Cross Blue Shield tax form, you'll need to gather information about your plan, including your policy number, premium payments, and any medical expenses you've incurred.
For more insights, see: Blue Shield of California Individual Plans
Free 1095 Form Templates
You'll need a 1095 form for your 2023 taxes if you have health insurance coverage. The form you need depends on how you enrolled in coverage.
There are three different types of 1095 forms and reporting. You can use it to adjust any tax credit payments.
If you enrolled in coverage through the marketplace, you'll receive a health insurance marketplace statement, which is a type of 1095 form.
Discover more: Do You Need Tax Returns for Heloc
Tax Information Request Form
You can request your Form 1095-B, a tax form used to report certain information to the IRS, by sending a request to Blue Cross and Blue Shield Service Benefit Plan.
To request your Form 1095-B, you can send a letter by mail to Blue Cross and Blue Shield Service Benefit Plan, 750 9th Street NW, Washington, DC 20001-4524.
You can also access the form through your MyBlue account.
If you live in California, New Jersey, Rhode Island, Vermont, or Washington, DC, you will receive a paper copy of the form from your local BCBS company due to state requirements.
You will receive your Form 1095-B within 30 days of your request.
If you have a question, you can call the customer service number on the back of your member ID card.
Related reading: Anthem Blue Cross Medicare Supplement Plan F California
Frequently Asked Questions
How to get 1095-C form blue cross blue shield?
If you have Blue Cross Blue Shield through an employer, contact your HR department to obtain Form 1095-C. If you have an individual plan, contact Blue Cross Blue Shield directly to request a copy of your Form 1095-B.
How do I get my 1095-A from BCBS?
Log into your Marketplace account and download your 1095-A form under 'Your applications' for 2023
How to get a 1095-B form from Blue Cross Blue Shield Illinois?
To obtain your 1095-B form from Blue Cross Blue Shield Illinois, sign in to your account online or call 1-855-710-6984 to request it be mailed to you.
What is the health insurance form for taxes?
The health insurance form for taxes is Form 1095-A, which provides information about your health insurance coverage and is used to claim the Premium Tax Credit on your tax return. This form is essential for completing Form 8962 and may be sent to you by the Health Insurance Marketplace.
Sources
- https://printableform.postgradoune.edu.pe/en/blue-cross-blue-shield-1095-a-form.html
- https://www.fepblue.org/news/2023/12/26/18/10/Tax-Information-Request-Form-1095-B
- https://www.excellusbcbs.com/form-1095-b
- https://www.horizonblue.com/helpcenter/detail/354-how-do-i-get-health-coverage-tax-documents-such-form-1095-b
- https://www.bluechoicesc.com/1095Notices
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