1. What is this Form 1095-C?
The 1095-C is a new tax form that is sent to you by Villanova that includes information about your healthcare insurance coverage. All full-time benefit eligible faculty and staff will receive this form. It serves as a “proof of insurance statement” that shows the IRS that you have been properly covered by Villanova. You’ll take information from it to use in your tax filing, similar to how you take information from your W-2 form and transfer it to your tax forms.
You can see what the 1095-C looks click here.
2. Why am I even receiving a Form 1095-C?
You’re receiving it because it’s required that you get it as part of the new healthcare law, the Affordable Care Act.
3. When will I receive my Form 1095-C?
You should receive your 1095-C form in February.
4. What will I need to do with my Form 1095-C?
As mentioned in the previous question, your 1095-C will contain information that you will transfer to your 1040, 1040A or 1040EZ tax form. You do not need to submit the 1095-C form with your 1040. In fact, most people will only have to check a box on their 1040s stating that they (and their dependents if applicable) were covered by Villanova for the year.
5. Where can I get more information about the Form 1095-C?
You can find more Form 1095-C information here on the IRS website: https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/Understanding-Form-1095C.
You can also view a brief video regarding this form by visiting https://villanovauniversity.a.guidespark.com/videos/44141
6. Who can I contact if I have questions?
Please contact the Human Resources Department at 610-519-7900.