Alert: IRS Releases Forms 1094, 1095 and Instructions for Early 2019 ACA Reporting
The IRS recently released Forms 1094-C, 1095-C, 1094-B, and 1095-B for employers to use in early 2019 to report on the group health insurance coverage they offered during the 2018 calendar year. Instructions on how to complete the forms have also been released.
The forms, required under the Affordable Care Act (ACA), are used by insurers, self-insuring employers, and other parties that provide minimum essential health coverage to report information on their coverage to the IRS and covered individuals. Large employers must also report information to the IRS and employees about compliance with the employer shared responsibility provisions and the healthcare coverage they’ve offered.
As a reminder, here are the deadlines:
- Employers with 50 or more full-time employees (including full-time equivalent employees): These groups generally must furnish a Form 1095-C to all full-time employees by January 31, 2019, and file Form 1094-C and all Forms 1095-C with the IRS by February 28, 2019 (or March 31, 2019, if filing electronically).
- Self-insured employers with fewer than 50 or more full-time employees (including full-time equivalent employees): Generally these employers must furnish a Form 1095-B to all responsible individuals by January 31, 2019, and file Form 1094-B and all Forms 1095-B with the IRS by February 28, 2019 (or March 31, 2019, if filing electronically).
For more information about ACA reporting, call Complete Payroll Solutions at 877.253.9020.