The Affordable Care Act

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Annual Benefits Enrollment and the ACA
Frequently asked questions
ACA and W-2 and reporting
Important benefit plan information


This page provides general information about the Affordable Care Act (ACA) and Wells Fargo-sponsored medical coverage. This information is not intended to provide financial, tax, or legal advice.

Annual Benefits Enrollment and the ACA

During Annual Benefits Enrollment, eligible employees have the opportunity to enroll themselves and their eligible dependents in medical coverage under the Wells Fargo & Company Health Plan for 2022. If you decline (waive) enrollment in medical coverage during Annual Benefits Enrollment, you generally won’t be able to enroll in medical coverage until next year’s Annual Benefits Enrollment unless you have a Qualified Event or experience a special enrollment event (refer to the Benefits Book for more information).

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Frequently asked questions

This section provides general information about the ACA and Wells Fargo-sponsored medical coverage. This information is not intended to provide financial, tax, or legal advice. Consult a personal financial, tax, or legal advisor to determine how the ACA might affect your specific situation.

What is a 1095-C, and what should I do with it when I receive it?

The ACA requires large employers like Wells Fargo to send an annual statement called Form 1095-C to certain employees. Wells Fargo will send Form 1095-C to employees who were full-time, as defined by the ACA, for any month in 2021, as well as employees who were enrolled in Wells Fargo-sponsored medical coverage for 2021, even if they were not full-time or employed during the year. Form 1095-C is similar to Form W-2: it describes the health care coverage you and your dependents had for the prior year. Unlike a W-2, you don’t need to include Form 1095-C with your tax filings — you keep it for your records.

You don’t need to wait to receive Form 1095-C to file your 2021 tax return. If you believe the information on the 1095-C that you receive has incorrect information, consult with Employee Care at 1-877-HRWELLS (1-877-479-3557), option 2, 2, 1.

Can I opt out of a mailed 1095-C?

You can opt out of having a printed Form 1095-C sent to your home address by clicking on the 2020 form through the Your Benefits tool. If you don’t opt out, the 2021 form will be mailed to you no later than January 31, 2022.

How do I access my 1095-C?

Your Form 1095-C will be available online through the Your Benefits tool in late January 2022. Click on the 2021 form to view it. If you're working from home, you can visit Teamworks at Home on your personal computer and print it from there.

Where can I learn more about the ACA and the Health Insurance Marketplace?

Visit healthcare.gov for more information about the ACA and to obtain contact information for a Health Insurance Marketplace in your area. Consult with your personal financial, tax, or legal advisor to determine how Marketplace options might affect your specific situation.

Can I buy individual medical coverage through the Health Insurance Marketplace?

Yes, you can decline (waive) coverage in a Wells Fargo-sponsored medical plan if you prefer to enroll in individual coverage through the Marketplace. Remember that if you’re eligible for Wells Fargo-sponsored medical coverage, you (and your eligible dependents) may not be eligible for premium tax credits to help pay for the cost of health insurance coverage through the Marketplace.

How do I apply for health coverage through the Marketplace?

Contact the Wells Fargo Annual Benefits Enrollment call center at 1-877-HRWELLS (1-877-479-3557), option 7. You can obtain the employer information you’ll need when you visit healthcare.gov or complete an application for coverage. You can also access this information online by signing on to Your Benefits and selecting Marketplace Application Employer Coverage Information (Affordable Care Act). For more information, refer to Health Insurance Marketplace Coverage Options and Your Health Coverage (PDF).

The Wells Fargo Annual Benefits Enrollment call center will not help with questions about the ACA or the Marketplace (nor will Wells Fargo managers or Human Resources); for assistance, refer to healthcare.gov. The call center may answer questions only about Wells Fargo-sponsored benefits. The center can help you navigate the Marketplace Application Employer Coverage Information on Your Benefits and find the employer information you’re required to enter when you visit healthcare.gov or complete a Marketplace application.

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ACA and W-2 reporting

To provide you with useful and comparable information about the cost and value of your health care coverage, the ACA requires employers to report on Form W-2 the full cost of your coverage under an employer-sponsored group health plan.

The aggregate cost of your medical coverage is reported on your W-2. This aggregate cost includes both the contributions you make toward the cost of your medical coverage and the contribution Wells Fargo makes toward your coverage.

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Important benefit plan information

For more information about the employee benefit plans sponsored by Wells Fargo & Company, see the Important Benefit Plan Information page.

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The information presented on this site does not provide the official plan provisions of the employee benefit plans sponsored by Wells Fargo & Company. If there is any discrepancy between the information presented on this site and the official plan documents, the official plan documents will govern.

Published January 20, 2022