Employers subject to the Affordable Care Act (ACA) and applicable providers of health coverage have a longer window to circulate and submit their required 2015 health insurance information reporting forms. IRS Notice 2016-4 extends the deadline for employees to receive their reporting forms until March 31, 2016. Employers and other providers of minimum essential coverage will have until May 31, 2016, if submitting physical forms and June 30, 2016, if filing electronically.
As part of the Affordable Care Act, applicable employers, self-insuring employers, government agencies and other providers of minimum essential coverage must provide information to the IRS about the health coverage they offer. Employers with 50 or more full-time employees (or full-time equivalents) provide the information forms to their employees about the coverage the employer offers and then submit information forms about their coverage to the IRS.
IRS Notice 2016-4 provides more time for all parties to complete their reporting and filing requirements. The following forms and deadlines have been affected:
Timeline for Employees to Receive Information Forms |
Form | Original Deadline | New Deadline |
1095-B, Health Coverage | Feb. 1, 2016 | March 31, 2016 |
1095-C, Employer-Provided Health Insurance Offer and Coverage | Feb. 1, 2016 | March 31, 2016 |
Timeline for Filing Information Forms |
Form | Original Deadline | New Deadline |
PHYSICAL FILING |
1095-B, Health Coverage | Feb. 29, 2016 | May 31, 2016 |
1094-B, Transmittal of Health Coverage Information Returns | Feb. 29, 2016 | May 31, 2016 |
1095-C, Employer-Provided Health Insurance Offer and Coverage | Feb. 29, 2016 | May 31, 2016 |
1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage | Feb. 29, 2016 | May 31, 2016 |
ELECTRONIC FILING |
1095-B, Health Coverage | March 31, 2016 | June 30, 2016 |
1094-B, Transmittal of Health Coverage Information Returns | March 31, 2016 | June 30, 2016 |
1095-C, Employer-Provided Health Insurance Offer and Coverage | March 31, 2016 | June 30, 2016 |
1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage | March 31, 2016 | June 30, 2016 |
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