Beginning December 31, 2015, large employers (over 50 FTEs) 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 much more. Form 1095-B/1095-C, Employer-Provided Health Insurance Offer and Coverage are submitted to the IRS and copies provided to full-time employees. Form 1094-B/1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, will function as a summary for the Forms 1095 and will also be filed by employers with the IRS.

For calendar year 2015, the forms are due to employees by January 31, 2016 and due electronically to the IRS by March 31, 2016. This is the first year the forms are required. (For calendar year 2014, the filing was voluntary.) The IRS will use the information provided on the forms to enforce provisions of the ACA and apply penalties.

HBE IS HERE TO HELP

HBE’s Client Accounting Team has extensively researched the ACA reporting requirements and has developed an efficient process for filing forms 1095-B/1095-C and 1094-B/1094-C on behalf of our clients. For more information, please contact Jennifer Doll, HBE Client Accounting Manager, at (402) 423-4343.