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MEDICAL AND PRESCRIPTION DRUG ADMINISTRATION REQUEST FOR PROPOSAL CITY OF OVERLAND PARK APRIL 5, 2016, MEDICAL AND PRESCRIPTION DRUG ADMINISTRATION REQUEST FOR PROPOSAL CITY OF OVERLAND PARK CONTENTS
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Medical and prescription drug coverage refers to healthcare benefits provided by insurance plans that cover expenses related to medical services and prescription medications.
Employers who offer medical and prescription drug coverage to their employees are required to file Form 1095-B or 1095-C with the IRS.
To fill out Form 1095-B or 1095-C for medical and prescription drug coverage, employers must provide information about the coverage offered, including details about the employees covered and the cost of the coverage.
The purpose of reporting medical and prescription drug coverage is to comply with the Affordable Care Act (ACA) and assist individuals in documenting their healthcare coverage for tax purposes.
Information such as the months of coverage, the type of coverage provided, and the names and social security numbers of covered individuals must be reported on Form 1095-B or 1095-C.
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