IRS Releases ACA Compliance Forms

The Internal Revenue Service (IRS) has released finalized forms and instructions to help employers prepare for compliance with the new information reporting provisions under the Affordable Care Act (ACA):

  • Forms 1094-C and 1095-C will be used by large employers (generally those with 50 or more full-time employees, including full-time equivalents) to report information to the IRS and to their employees about their compliance with the employer shared responsibility provisions (“pay or play”) and the health care coverage they have offered (referred to as “section 6056 reporting“).
  • Forms 1094-B and 1095-B will be used by insurers, self-insuring employers, and other parties that provide minimum essential health coverage to report information on this coverage to the IRS and to covered individuals (referred to as “section 6055 reporting“).

As a reminder, these forms are not required to be filed for 2014. However, in preparation for the first required filing (that is, filing in 2016 for 2015), reporting entities may, if they wish, voluntarily file in 2015 for 2014 in accordance with the forms and instructions.

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