-
1095-C and 1095-B forms are now due to your employees by March 2, 2017, rather than January 31st;
-
There WILL be a “good faith” standard AGAIN this year that if you send forms with the best of your knowledge and you send them on time, you will not face penalties for incorrect information; and
-
Your 1094 Transmittals are still due at the same time – due on February 28th if you’re using paper and due March 31st if you’re filing electronically.
Background
ALE members that sponsor self-insured group health plans also are required to report information under section 6055 about the health coverage they provide Those ALE members that sponsor self-insured group health plans file with the IRS and furnish to employees the information required under sections 6055 and 6056 on a single form.
Changes to the 1095 Forms
The first year of ACA reporting was very tough on some employers. Many payroll vendors can offer these capabilities, which is convenient as they already house so much of your data. However, some payroll services charge a lot for ACA reporting, and some have done a very poor job with it.
If you are looking around for alternatives for your 2016 reporting, our in-house online benefits portal, is capable of keeping you in compliance with these reporting requirements including ongoing employee tracking, 1094-C and 1095-C eligibility reporting, audit and e-filing of these reports. The ACA Dashboard can track measurement and stability periods, and provide online ALE and Affordability calculation tools.
Please This email address is being protected from spambots. You need JavaScript enabled to view it. if you would like to learn more or see a demo of this portal.
Juliet Fitzgibbons
Juliet joins Fall River as an Account Executive and brings over 15 years of prior broker and account management experience. Her experience brings extensive knowledge on employee benefit programs, account management and creative cost-saving strategies and compliance solutions for employers of various sizes.
She is responsible for new business proposals, client renewals including plan benchmarking, rate analysis and mid-year reviews. She helps clients navigate healthcare systems and educates employers and employees through open enrollment meetings and day-to-day service requests. Juliet joined Fall River in 2015.