IRS Updates Q&As on ACA Information Reporting

IRS Updates Q&As on ACA Information Reporting

Form 1094-C & 1095-C Requirements Addressed

The Internal Revenue Service has updated its Q&As regarding Form 1094-C and 1095-C information reporting by applicable large employers (ALEs)—generally those with at least 50 full-time employees, including full-time equivalent employees, in the preceding calendar year. The Q&As answer the following questions and more:

  • For which employees must an ALE file Form 1095-C?
  • What information must be an ALE furnish to its employees?
  • How should information about an offer of coverage for the month in which an employee is hired be reported on Form 1095-C?
  • How should an ALE complete Form 1095-C for a full-time employee who terminates employment during a calendar year and receives an offer of COBRA continuation coverage?
  • Should an ALE report coverage under a health reimbursement arrangement (HRA) for an individual who is enrolled in both the HRA and the employer’s other self-insured major medical group health plan?

 

Click here to read “Questions and Answers about Information Reporting by Employers on Form 1094-C and Form 1095-C”.