The Affordable Care Act (ACA) filing requirements continue to be in place for the 2017 calendar year. These filing requirements are applicable to large employers (over 50 FTEs) and self-insured employers. To meet these requirements, these companies must file two forms with the IRS to provide information about the number of employees, whether they were enrolled in a health plan, the employees’ share of costs, and more.

As a reminder, Forms 1095-B/1095-C, Employer-Provided Health Insurance Offer and Coverage, are submitted to the IRS and copies provided to full-time employees. Forms 1094-B/1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, function as a summary for the Forms 1095 and are also filed by employers with the IRS. If an employer does not offer healthcare coverage, they still need to file Form 1095-C.

For calendar year 2017, the forms are due to employees by January 31, 2018 and due electronically to the IRS by April 2, 2018. The IRS uses the information provided on the forms to enforce provisions of the ACA and apply penalties.

HBE IS HERE TO HELP

HBE will again offer filing assistance for ACA information returns for the 2017 calendar year. If you would like to request an HBE-hosted training session, please notify HBE by November 15 to schedule a training.

For additional information on the ACA filing services we offer, please view our ACA Reporting Fact Sheet.

We are again offering a 10% discount on the basic service fee to clients who provide complete filing information to our office by December 15, 2017. Please note that we are unable to guarantee timely filing of information that is received by our office after January 5, 2018.

Note: The IRS penalties for failure to file and to provide the return information to employees is $260 per return.

If you are interested in learning more information or reviewing an ACA engagement letter, please contact HBE Client Accountants, Kristi Schultz or Dan Carmichael.