Tax-time prep: 1099-R Form and 1095-B reminder

December 05, 2022

illustration of calendar, calculator and tax formsTax-time prep

Tax season is around the corner. Here is a refresher about tax-time forms related to your retirement and health care benefits.

Annuity distributions

Form 1099-R shows distributions (gross earnings) from your annuity and the taxes that were withheld.

You should receive the form in the mail by early February. You can view it through your ERS OnLine account starting January 15. To view or print your form in ERS OnLine, look for “My Payroll Information” on the Retiree homepage, and click “1099-R Summary.” You can also access your 1099-R forms from the past three years.

If you did not register your ERS OnLine account before you retired or within 90 days after, call ERS at (866) 399-6908, TTY: 711.

If you do not receive a copy of your Form 1099-R by February 15, you can find it in your ERS OnLine account or call (866) 399-6908, TTY: 711, to request another copy be mailed to you.

What’s on your 1099-R?

  • Total distributions from your ERS retirement account for the year.
  • Taxable portion of your retirement benefit and amount of federal tax withheld.
  • Non-taxable portion of your retirement benefit, if any.  

Newly retired?

If you retired in 2022 and opted for a partial lump-sum payment in addition to your monthly payment, you will get two 1099-R statements. If you are retired from another system, such as Teacher Retirement System of Texas, contact that system directly with questions about tax forms.

Possible annual federal tax withholding table changes

Changes to the federal tax laws can affect your annuity payment. Federal tax withholding tables can change every calendar year, depending on action by Congress and/or the IRS. ERS is required to implement the IRS’ changes to the tax withholding tables as soon as possible after the IRS releases the new withholding tables. A tax advisor can help you decide whether you should make changes to your tax withholding.

Proof of medical coverage

Form 1095-B is your proof of medical coverage; however, you do not need to submit this form to the IRS and you don’t need it to file your return. Your health plan (or the Centers for Medicare & Medicaid Services (CMS) if you’re enrolled in Medicare) will report this information to the IRS for you.

If you participated in a Texas Employees Group Benefits Program (GBP) health plan and were not enrolled in Medicare in 2022, your health plan provider will make a Form 1095-B available to you. Blue Cross and Blue Shield of Texas (BCBSTX) will mail a paper copy of the form to HealthSelect of Texas® plan participants (including Consumer Directed HealthSelectSM participants), who also can access it through their Blue Access for MembersSM account. 

Covered dependents do not get a separate Form 1095-B; you may provide them a copy for their records.

If you are 65 or older and were covered by Medicare Part A for the entire calendar year, you will not get a Form 1095-B. CMS reports your coverage to the IRS. You will get the form if you enrolled in Medicare Part A for the first time, you had Medicare Part A for part of the year or you are under age 65 with Medicare Part A. If you need a copy of the Form 1095-B from Medicare, call 1-800-MEDICARE (1-800-633-4227).

For more information

For more information about the Form 1099-R or federal tax withholding on annuity payments, go to the ERS FAQs  page. Find the Annuitant Information FAQs under “Retirement.” View FAQs about Form 1095-B under “Insurance” (Federal regulations (Affordable Care Act)).