MyFTB accountNew Forms for 2020 to Report Minimum Essential Coverage and Premium Assistance Subsidies December 2020 Tax News
Individuals will start reporting minimum essential coverage, also known as qualifying health coverage, on their 2020 tax returns. The following information may be helpful.
Information you need from your clients
Here are the health care forms your clients will need to provide you for return preparation:
- FTB 3895, California Health Insurance Marketplace Statement
- Form 1095-A Health Insurance Market Place Statement; 1095-B, Health Coverage, or 1095-C, Employer-Provided Health Insurance Offer and Coverage
New health care forms
Draft California 2020 forms and instructions are on our website. Final versions are expected to be available on December 15, 2020.
- FTB 3849, Premium Assistance Subsidy form (to reconcile advance premium assistance subsidy payments)
- FTB 3853, Health Coverage Exemptions and Individual Shared Responsibility Penalty
- FTB 3895, California Health Insurance Marketplace Statement
- Publication 3949A, Premium Assistance Subsidy
- Publication 3995B, California Instructions for Filing Federal Forms 1094-B and 1095-B
- Publications 3895C, California Instructions for Filing Federal Forms 1094-C and 1095-C
540 forms
We updated our 540 forms to report qualifying health coverage and premium assistance subsidies.
- Forms 540, 540NR and 540EZ include a check box to indicate qualifying health coverage for the entire year
- Forms 540 and 540NR can be used to report the premium assistance subsidy, health coverage exemptions, and the Individual Shared Responsibility Penalty
- Form 540EZ can be used to report health coverage exemptions and the Individual Shared Responsibility Penalty, but cannot be used to report the premium assistance subsidy, including the repayment of excess advance payment received