Greenshades Blog


Affordable Care Act form extensions

Posted on December 29th, 2015

By Brittany Llorente

Brittany Llorente

Brittany Llorente

Media Marketing Associate

 

For those businesses who are still unsure about their ACA compliance and whether they have the proper systems implemented, the IRS has delivered some relief in the form of an extension.

In the late hours on Dec. 28, the IRS issued a notice that extends the due dates for the 2015 information reporting requirements (form 1095-C, 1095-B, 1094-C and 1094-B) for insurers, self-insuring employers, and certain other providers of MEC (Minimum Essential Coverage) for ALEs (Applicable Large Employers).

ALEs now have until March 31, 2016, to provide the 2015 form 1095-C (Employer-Provided Health Insurance Offer and Coverage) to employees. The original deadline had been February 1, 2016. The updated deadlines to file to the IRS for 2015 forms 1095-C, 1094-B (Transmittal of Health Coverage Information Returns), 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns), and 1094-B (Health Coverage), is May 31, 2016, if not filing electronically, and June 30 if filing electronically. Previously these deadlines were February 29th and March 31st, respectively.

(Source: IRS.gov and IRS Document for Extensions of Dates)