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NY Form 1099-H: What You Should Know
Form 1099-H is used for income tax reporting and verification purposes by a health insurance provider, including the provider's: A health insurance provider such as a health maintenance organization who is providing health care benefits; the administrator of an advanced payment option for qualified health plans; a health maintenance organization that pays the deductible and coinsurance for certain health care benefits; and a health insurance purchaser or plan sponsor that receives the advanced payments from health maintenance organizations. The advanced payment is paid to the health insurance provider for purposes that include: • filing and reporting its state and local income tax in the state the advanced payments were received in; • filing and reporting its state and local income tax in the health care coverage it provides and in the applicable states that are the subject of the advanced payments; and • reporting any increase in its health care coverage, or a change in the terms of the coverage, if the health plan's premium or other cost‑sharing is increased. The form is used by a health insurance purchaser, such as a health maintenance organization, that receives advance payments from (or pays premiums for, or provides medical benefits covered under, ) a provider of health care benefits of a health maintenance organization who obtains advanced payments from a health insurance provider. Form 1099-G is used for income tax reporting and verification purposes by a health insurance provider, including the provider's: A health insurer that is providing health benefits; the administrator of an advanced payment option for qualified health plans; a health maintenance organization that pays the deductible and coinsurance for certain health care benefits; and a health insurance purchaser or plan sponsor that receives the advance payments from health maintenance organizations. The advanced payment is paid to the health insurer for purposes that include filing and reporting its state and local income tax in the state the advanced payments were received in; File a Form 1099-G and Report Income With Respect to Your Income Tax for the Year Use the Form 1099-G to report income from the following sources: • Employment income; • Capital gain from selling or exchanging your principal residence; • IRA distributions; • Pension income; • Social Security benefits; • IRA distributions; • Investment income; • Rental income; • Self-employed investment income; • Social security benefits; • Pension income; • IRA distributions; • Retirement income; • Social security benefits; • Pension income; and • Social security benefits.
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