More Time for ACA Reporting Deadlines This Year

A bit of good news for employers out there re: the Affordable Care Act’s information-reporting requirements. The IRS (you know them, you’ve seen their spiffy grey suits and sunglasses) recently extended the deadline to deliver ACA reporting forms to employees from Jan. 31, 2018 to March 2, 2018 (30-day extension). The extended deadline applies to furnishing to individuals the 2016 Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) and Form 1095-B (Health Coverage).

Why you may ask? According to a report from SHRM, the Treasury Department and the IRS determined that a substantial number of employers and other insurance providers needed additional time “to gather and analyze the information [necessary to] prepare the 2016 Forms 1095-C and 1095-B to be furnished to individuals,” Notice 2016-70 states.

And of course it wouldn’t be the gov’t without some fine print, so you must know that this extension applies for 2017 (tax year) only and does not require the submission of any request or other documentation to the IRS.

And here’s the REALLY good news — My team of employee benefits and health insurance experts can provide all kinds of help completing these super fun forms. Ruling HR and your world all about knowing and meeting the deadlines — so call us and we’d love to help you! 

Learn Moore:

Prepare for Early 2018 ACA Information Reporting on Health Coverage

https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/final-forms-2017-aca-information-reporting.aspx

 

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