Updated health insurance tax forms available to employees
By Staff : March 7th, 2019
The University has issued revised versions of Form 1095-C for employees to ensure they have correct health insurance information for their records.
The form confirms to the Internal Revenue Service that employees and their family members had qualifying health coverage during the 2018 calendar year. The form is not attached to your tax return, but should be kept for your records.
The forms previously had been provided to employees, either electronically in the myUT portal or in the mail depending on the employee’s preference. However, Human Resources has since identified that some statements needed revisions in order to accurately list all individuals covered by the insurance.
To ensure each employee has an up-to-date and correct 1095-C, all statements were generated again and are being provided via the employee’s selected distribution method. The revised electronic form replaces the previous version in the Tax Forms section of the myUT portal for employees who opted for the electronic version. The updated printed forms should arrive in the mail by early next week.
Form 1095-C is distributed to all full-time and part-time benefit-eligible employees who either had health coverage with the University for at least one month during the calendar year or were offered coverage but declined. Employees who were not eligible and did not receive health coverage will not receive a Form 1095-C.
Employees with questions about their tax return or how to use Form 1095-C information on their tax return should consult with their tax adviser.
Employees who do not receive their Form 1095-C by March 18 or have other concerns, contact benefits@utoledo.edu.