Form 1095-C
Starting in 2016 (for the 2015 tax year), Duquesne University is required by the Patient Protection and Affordable Care Act (PPACA) to provide Form 1095-C "Employer Provided Health Insurance Offer and Coverage" to employees who are eligible for medical benefits. This form is a new annual tax document in addition to your W-2 and other tax statements.
Form 1095-C reports information about the medical coverage offered to you and, if applicable, your family. Originally, the forms were required to arrive February 1, 2016. In late December, however, the IRS extended the reporting deadline for employers to March 31, 2016.
The Office of Human Resources will send Form 1095-C to all medical benefits eligible individuals by this new deadline of March 31, 2016 for the 2015 calendar year. If you prefer to receive the 1095-C electronically in the same manner that you receive your W-2, you will need to access Duquesne Portal Self Service and provide consent. Step by step instructions on how to provide consent to receive the form electronically are provided below in the FAQs.
The IRS has clarified that:
- Individuals do not have to delay filing their income tax returns because they have not yet received Form 1095-C.
- Individuals will not need to file an amended return once they receive the 1095-C from the University.
Frequently Asked Questions
There are three primary sections to the form:
Part I - Employee and Employer Information - Information about the Employee and Duquesne University
Part II - Employee Offer and Coverage -
- Line 14 - Offer of Coverage Code - Information about the type of coverage offered
- Line 15 - Employee Share of Cost - Indicates the amount you would have paid per month for single coverage under the least expensive medical plan available to you in 2015, which may not be the plan in which you chose to enroll. The University's lowest cost premiums offered are for the High-Deductible Insurance Plan. The amount reported on Line 15 may not be the actual amount you pay. For example, if you enroll in the UPMC Insurance Plan with Family coverage, the amount that will be reported here will still be the Employee-Only cost for the High-Deductible Insurance Plan, because that is the lowest cost plan offered by the University.
- Line 16 - Section 4980H Safe Harbor Codes - Codes to indicate, by month, if you were enrolled in coverage or reason why you were not. For example, someone who is newly hired during the year might not be enrolled in the months preceding his/her benefits eligibility date.
Part III - Covered Individuals - This is a list of all covered individuals based on the level of coverage you have selected, along with their social security numbers or dates of birth and the months they were covered. This section will be blank for those who have waived insurance coverage.
No, the IRS advised that the form is not to be included with your return, it is to
be retained for your records.
In late December, the IRS extended the reporting deadline for employers to March 31st.
The IRS has clarified that:
- Individuals do not have to delay filing their income tax returns because they have not yet received Form 1095-C.
- Individuals will not need to file an amended return once they receive the 1095-C from the University.
Please consult a qualified tax advisor if you have additional questions about filing your tax return.