New IRS ACA Reporting Forms
New IRS ACA Reporting Forms
Source: Bloomberg
The forms that employers must use to fulfill annual information reporting requirements under the Affordable Care Act were released Sept. 17 by the Internal Revenue Service. Employers have to file the forms in the first quarter of 2016 to provide a month-by-month breakdown of health-care coverage offered during tax year 2015, and to list out the names of individuals who’ve received the “minimum essential coverage” required under the ACA.
The two main forms that employers must submit are:
• Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, and
• Form 1095-B, Health Coverage.
Each of the main ACA forms also has an accompanying transmittal form:
• Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, and
• Form 1094-B, Transmittal of Health Coverage Information Returns.
Along with the forms themselves, the IRS released instructions for the B series and instructions for the C series.
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New IRS ACA Reporting Forms _ John & Rusty Report
Author: Ross Rogers
