You are partially correct. Code 1H, see attached, means ''No offer of coverage to the employee - Or the coverage offered did not qualify as ''minimum essential coverage'', which is a description used in the ACA.
If you're covered by any of the following types of plans, you're considered covered under the health care law and don't have to pay a penalty:
Click on the link above to the Healthcare.gov website that explains this coverage.
If you have job-based health insurance (not the types below), you’ll need to report that you had coverage (for those months) on your federal tax return. You may get Form 1095-B or 1095-C in the mail. Do not enter these in TurboTax.
Some products, that help pay for medical services don't qualify. If you have only this kind of product, you may have to pay the fee. Examples include:
- Coverage only for vision care or dental care
- Workers' compensation
- Coverage only for a specific disease or condition
- Plans that offer only discounts on medical services
