Employers subject to the 2015 Affordable Care Act (ACA) information reporting requirements can breathe easy, at least for a little while longer. Early last week, the Internal Revenue Service (IRS) announced that it’s extending the deadlines to file information returns under sections 6055 and 6056 of the Internal Revenue Code.
The reporting deadline extensions for employers are as follows:
- The deadline to furnish employees with a copy of Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) has been extended to March 31, 2016.
- The deadline for employers to file all individual 1095-C forms with the IRS under Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) has been extended to May 31, 2016, or June 30, 2016 if filing electronically.
Additionally, the deadline for insurance carriers of fully-insured plans and plan sponsors of self-funded plans to furnish individuals with a copy of Form 1095-B (Health Coverage) has been extended to March 31, 2016. The deadline for these parties to file all 1095-B forms with the IRS under Form 1094-B (Transmittal of Health Coverage Information Returns) has also been extended to May 31, 2016, or June 30, 2016 if filing electronically. Check with your insurance carrier to verify when you should expect to receive Form 1095-B in the mail.
These extensions apply for calendar year 2015 only and have no effect on the requirements for other years or on the effective dates or application of the ACA “pay or play” provisions.
*This article is written for informational purposes only and should not be construed as providing legal advice.