Affordable Care Act tax information will be sent to your home

Important information about the Affordable Care Act (ACA) was included with your W2 form distributed earlier this week.

Effective January 2016 GESD has an annual IRS reporting requirement to provide our employees with information regarding the availability of minimal essential health coverage and our employees’ enrollment status within our health plans.

You will receive a Form 1095-C in the mail the first week of February. This document will be sent to your home address on file with the district, and it will look very similar to your W-2 form. Note:  Part III – Covered Individuals will be left blank on this form even if you have dependents on the health care plan. This information will be provided on Form 1095-B.

If you were covered under the district health plan between January 1, 2015 and December 31, 2015, you will also receive Form 1095-B from the Valley Schools Employee Benefit Trust. This form provides the information you will need to report on your income tax return that you, your spouse (if you file a joint return), and individuals you claim as dependents had qualifying minimal essential health coverage for some or all months during the year.  Individuals who don’t have minimum essential coverage and don’t qualify for an exemption from this requirement may be liable for the individual shared responsibility payment with your federal income tax return. Go here or more information on the requirement to have minimum essential coverage and what is minimum essential coverage.

When you receive these information forms, you should keep them with your tax documents for your records.  These forms do not have to be filed with your tax return. Please consult your tax advisor if you need additional information.