In response to inquiries about how and when covered individuals will obtain Form 1095, the following information provides clarification of filing deadlines and resources available to aid plan sponsors (employers).
The IRS extended the deadlines for 6055 and 6056 reporting requirements. Plan sponsors of self-funded health benefit plans, and large employers (50 or more employees and their equivalents), must provide a statement (Form 1095) to full-time employees by March 31, 2016. Paper Forms 1094 and 1095 must be filed with the IRS by May 31, 2016, or electronically filed by June 30, 2016.
Plan sponsor of a self-funded health benefit plan, can review articles regarding the 6055 and 6056 reporting on this blog. Additional resources provided by Starmark are also available: Minimum Essential Coverage Reporting Requirements Sections 6055 and 6056 Reporting Requirements and 6055 and 6056 Reporting Frequently Asked Questions.
Further assistance regarding form 1095 can be found on the IRS.gov site:
Employers should consult a professional benefit adviser or legal counsel regarding how the law may impact their business and specific self-funded benefit plan.