The Affordable Care Act requires health insurance issuers, self-insuring employers, government agencies, other providers of health insurance coverage, and applicable large employers (employers that employed 50 or more full-time employees, including full-time equivalent employees during 2015) to file and furnish annual information returns and statements based on health coverage offered or not offered in 2015.
On December 28, 2015 the Internal Revenue Service (“IRS”) issued Notice 2016-4, which extends the reporting and filing dates for these statements, allowing for additional time for reporting entities to adapt and implement systems and procedures to gather, analyze, and report this information. These statements must be provided to employees and to the IRS on an annual basis, based on health coverage information for the preceding year. The following table summarizes which forms are to be used by respective reporting entities and the old and new dates for submitting and transmitting such forms.
Reporting Entity Form Report To Old Filing Date New Filing Date
Health Insurance 1094-B IRS, Filed In Writing 2/29/16 5/31/16
Issuers, Self-Insuring 1095-B IRS, Filed In Writing 2/29/16 5/31/16
Employers, 1094-B IRS, Filed Electronically 3/31/16 6/30/16
Government Agencies, 1095-B IRS, Filed Electronically 3/31/16 6/30/16
and Other Providers 1095-B To Employees 2/1/16 3/31/16
of Health Insurance
Applicable Large 1094-C IRS, Filed In Writing 2/29/16 5/31/16
Employers with 50 1095-C IRS, Filed In Writing 2/29/16 5/31/16
Or More Full-Time 1094-C IRS, Filed Electronically 3/31/16 6/30/16
Employees (Including 1095-C IRS, Filed Electronically 3/31/16 6/30/16
Full Time Equivalents) 1095-C To Employees 2/1/16 3/31/16
If you have any questions on your organization’s reporting obligations under the Affordable Care Act, feel free to contact Donna J. Craig, RN, JD at The Health Law Center, PLC.