The IRS has released the final versions of the forms and instructions that will be used to report health coverage information to the IRS and to enrollees beginning in 2016 (for tax year 2015) under Sections 6055 and 6056 of the Internal Revenue Code.
The Patient Care and Affordable Care Act requires health insurers, employers and government programs that provide minimum essential coverage to file an annual information report with the IRS indicating the individuals who were covered each month by minimum essential coverage. Additionally, large employers subject to the employer coverage mandate must report coverage information to the IRS and to all employees that were offered health coverage by the employer.
Applicable large employers use the following final forms to comply with Sections 6055 and 6056:
- Form 1095-C (Employer-Provided Health Insurance Offer and Coverage)
- Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns)
Here are instructions: Instructions for Forms 1094-C and 1095-C
All other employers use:
Here are the instructions: Instructions for Forms 1094-B and 1095-B
For more information about Section 6055 and 6056 reporting requirements, view our flyer.