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The IRS has issued the final 2019 forms 1094-B, 1095-B, 1094-C and 1095-C along with instructions. These forms will be used by employers, plan sponsors and group health plan insurers to report coverage to plan members and the IRS. This reporting is required by the Affordable Care Act. The deadline to provide notice to individuals on 1095-B or 1095-C has been extended from January 31, 2020 to March 2, 2020. In addition, the IRS has issued transitional good-faith relieve from section 6721 and 6722...
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Categories: Health Care Reform, Compliance | Tags: Notice 2019-63 , Form 1094-B , Form 1094-C , Form 1095-B , Form 1095-C , Employer Reporting , ALEs , Applicable Large Employers , Minimum Essential Coverage , MEC , 6055 , 6056
The IRS has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2018 reporting with minimal changes. Employers are required to report in early 2019 for the calendar year 2018.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Employer reporting , 1094 , 1095 , Section 6055 , Section 6056 , Employer Mandate , IRS , ALE , ACA
The IRS has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2017 reporting. The final instructions are available for the C Series forms, and we expect the B series final instructions to be released shortly. Employers are required to report in early 2018 for calendar year 2017.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: ACA , 1094 , 1095 , 6055 , 6056 , Employer reporting , IRS

IRS Delays 2016 ACA Employer Reporting

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November 18, 2016, the IRS issued Notice 2016-70 automatically extending the due dates for certain 2016 information-reporting requirements under the Affordable Care Act (ACA).
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Categories: Health Care Reform, Compliance | Tags: ACA , Employer Reporting , 1094 , 1095 , IRS , 6055 , 6056
The IRS has published a new Q&A to help individuals understand the required ACA forms they may receive in preparation of their personal income tax returns. The IRS has also provided a chart to help taxpayers understand who will be getting the forms, what type and how the forms will be used for tax filing.
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Categories: Health Care Reform, Compliance | Tags: Reporting , 6055 , 6056 , IRS

Updated Q&As for Completing ACA Reporting Forms

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The IRS has published updates to the Q & As for reporting required by providers of health plans and applicable large employers (ALEs). The Q &A format will help providers and employers with some of their last minute questions, as they work to complete their required ACA reporting.
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Categories: Health Care Reform, Compliance | Tags: Reporting , 6056 , 6055 , IRS

Extension Provided for ACA Reporting Forms

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Through IRS Notice 2016-4, the due dates for providing the 2015 information reports to individuals and the IRS under Code Sections 6055 and 6056, under the Affordable Care Act (ACA), have been extended.
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Categories: Health Care Reform, Compliance | Tags: 6055 , 6056 , 1095-B , 1095-C , IRS , Reporting
The Q&A is for applicable large employers (ALEs) and is broken into sections to cover the basics of employer reporting, reporting offers of coverage and other enrollment information, reporting for governmental units and reporting offers of COBRA coverage.
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Categories: Health Care Reform, Compliance | Tags: Reporting , 6056 , 6055 , IRS
Information in this article updates the posting on 9/17/2015. The IRS has issued new guidance that almost all integrated HRAs are not subject to reporting under Code Section 6055 (Form 1095-B), employers of all sizes, or Code Section 6056 (Form 1095-C), for applicable large employers (ALEs).
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Categories: Health Care Reform, Compliance | Tags: Reporting , 6055 , 1095-B , IRS
The IRS has published a guide for electronically filing the required Affordable Care Act (ACA) Information Returns (AIR). Regulation requires electronic filing of the forms if the “transmitter” will be filing 250 or more forms. Other transmitters can voluntarily submit their required forms electronically. The AIR filings are to comply with the Sections 6055 and 6056 reporting obligations.
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Categories: Health Care Reform, Compliance | Tags: IRS , Reporting , 1094 , 1095 , ACA , 6055 , 6056
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