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Tag Archives: Form 1095-B

Why I Won’t Give My Child’s Social Security Number to an Insurance Company

guarding social security numbers

I’m beginning to feel like Obamacare is the gift that keeps on giving. Not only have my health insurance premiums more than doubled since its passage, but now I’m required to give my child’s social security number to our insurance company. Starting this tax year, the Affordable Care Act requires that insurance companies provide a social security number for all plan members to the IRS, even children. I don’t know about you, but I certainly don’t trust Anthem to keep our information secure. What happens if I refuse? IRS Requirements The Internal Revenue Service requires Form 1095-B to be submitted by insurance companies to let the government know who has minimum essential health coverage to avoid an Obamacare penalty. If your plan was purchased on the exchange, a social security number was required, so this rule does not apply. For the rest of us, we have to provide secure information to a not so secure entity. In fact, Anthem had a major security breach earlier this year where health information from 80 million people was stolen. Who knows where or when that information might show up. Insurance fraud is a huge and growing business. I’m just waiting to get a ...

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