Industries › 1095-B & 1099-R E-Filing for Insurance Carriers & Brokers
At a Glance
What is the Best 1095-B and 1099-R Software for Insurance Companies?
Insurance carriers and brokers need e-filing solutions that handle their diverse reporting requirements. From health coverage forms (1095-B) to retirement and annuity distributions (1099-R) to investment income (1099-INT, 1099-DIV), the insurance industry has complex IRS filing obligations.
BoomTax provides a complete solution for insurance industry e-filing with bulk processing, advanced validation, and the security infrastructure required for handling sensitive policyholder data.
Why Insurance Companies Choose BoomTax
- 1095-B Expertise: File Form 1095-B for health coverage with support for all covered individuals and B-series transmittals.
- 1099-R for Distributions: Handle annuity distributions, life insurance payouts, and pension distributions.
- 1099-INT & 1099-DIV: Report interest and dividend payments to policyholders and investors.
- Bulk Processing: Import and file thousands of forms in a single batch operation.
- HIPAA Compliant: Our infrastructure meets healthcare data protection requirements.
Forms for the Insurance Industry
ACA B-Series Forms
- Form 1095-B - Health Coverage
- Form 1094-B - Transmittal
Retirement & Annuity
- Form 1099-R - Distributions
Investment Income
- Form 1099-INT - Interest Income
- Form 1099-DIV - Dividends
1095-B Filing for Health Insurers
Health insurance carriers must file Form 1095-B for each individual covered under their policies. BoomTax makes 1095-B filing efficient:
- Covered Individuals: Properly report all family members covered under each policy.
- Monthly Coverage: Track coverage status by month for accurate reporting.
- Bulk Import: Upload policyholder data via Excel with automatic validation.
- State Filing: Support for state ACA mandates including CA, MA, NJ, and more.
1099-R for Annuity & Life Insurance
Insurance companies making distributions from annuities, life insurance contracts, or pension plans must file Form 1099-R. BoomTax supports:
- Distribution Codes: All IRS distribution codes properly handled.
- Taxable Amounts: Calculate and report taxable portions correctly.
- State Tax Withholding: Report state tax withheld where applicable.
- Corrections: Easily file corrected 1099-R forms when needed.
Security for Insurance Data
- SOC 2 Compliant: Rigorous security and availability standards.
- HIPAA Compliant: Required for health insurance data handling.
- 256-bit AES Encryption: All data encrypted at rest and in transit.
- SSN Masking: Policyholder SSNs masked throughout the platform.
All Features Included
Purchasing any BoomTax package will give you everything you need to complete your filing.
This includes:
- Federal E-File
- State E-File (ACA and 1099 CF/SF)
- Recipient Copy Download as PDF
- Official IRS Copy Download as PDF
- Unlimited Corrections
Bulk Import
Import many companies in one spreadsheet to simplify data input.
Data Validation
We validate your data against hundreds of IRS rules.
Hands Off E-File
No IRS registration or testing required.
Free Corrections
Make as many changes as needed for free.
How Insurance Companies File with BoomTax
Import Your Data
You can import your data as Excel, XML, or use files from popular payroll providers like QuickBooks, UKG, ADP, and many more.
Step-By-Step Wizard
We walk you through the process with no complicated jargon. You can also live chat with a real person as you work on your filing for hands-on help.
E-File & Mail Employee Copies
Once your data is loaded, you can e-file and distribute employee copies in minutes.
Frequently Asked Questions
Dedicated to simplifying complex IRS regulations for employers, with expertise in ACA, 1099, and W-2 compliance.
BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.