In our July 29, 2014 newsletter (click here), we reported that the IRS had issued forms for reporting Affordable Care Act (ACA) compliance starting for 2014 but had not issued instructions to the forms.  The instructions have now been posted on the IRS website, and employers and health plan providers should read them, with the forms, to understand what information must be gathered and reported.  The IRS states that the forms and instructions will be finalized later this year.  Significant revisions are not anticipated.

The specific forms include:

  • Form 1095-C Employer-Provided Health Insurance Offer and Coverage
  • Form 1094-C Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns
  • Form 1095-B Health Coverage
  • Form 1094-B Transmittal of Health Coverage Information Returns

Instructions for Forms 1094-C and 1095-C can be found at http://www.irs.gov/pub/irs-dft/i109495c--dft.pdf  and instructions for Forms 1094-B and 1095-B can be found at http://www.irs.gov/pub/irs-dft/i109495b--dft.pdf .

Reporting for individual employees by a series of codes and by calendar month will take some planning and thought in order to meet the January 31, 2015 deadline for reports furnished to the individuals.