Which statement best describes the 1095-B form?

Which statement best describes the 1095-B form?

• A. It is a summary of the plan's expenditures for the year.
• B. It shows an individual was offered coverage; fully insured carriers file it directly with the IRS and send it to the member.
• C. It is used to enroll new dependents in the plan.
• D. It lists the network's provider directory.

Answer: (B)

The main idea here is that the 1095-B confirms a person had health coverage during the tax year. For plans that are fully insured, the insurance carrier generates the form, files it with the IRS, and sends a copy to the member. This form isn’t about how much the plan spent, it isn’t used to enroll dependents, and it isn’t a provider directory. The purpose is to document minimum essential coverage for tax reporting, with the carrier handling the filing and delivery.

The main idea here is that the 1095-B confirms a person had health coverage during the tax year. For plans that are fully insured, the insurance carrier generates the form, files it with the IRS, and sends a copy to the member. This form isn’t about how much the plan spent, it isn’t used to enroll dependents, and it isn’t a provider directory. The purpose is to document minimum essential coverage for tax reporting, with the carrier handling the filing and delivery.