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Form 1099-H

What is Form 1099-H?

Form 1099-H is to report advanced payment of HCTC (Health Coverage Tax Credit) received from eligible recipients and furnish statements reporting payment to the department of treasury and said recipient(s). Qualified health insurance providers who received such HCTC payments are required to file Form 1099-H on behalf of their eligible recipients by section 6050T; If the filers are considered as HCTC beneficiaries, they will receive a copy of Form 1099-H.

Form 1099-H also covers alternative trade adjustment assistance, reemployment trade adjustment assistance, and Pension Benefit Guaranty Corporation payees. There are three copies of Form 1099-H. The filer receives their HCTC benefits directly from your health insurance provider, or they can receive them as an annual tax credit.

1099-H forms must be mailed to recipients by February 15 and e-filed with the IRS by March 31 each year.

 

1099-H Form

1099-H Form