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All large employers on the 2015 health care reporting hot seat

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You must report offers of health coverage to full-time employees on Form 1095-C and file those forms, along with the transmittal, Form 1094-C, with the IRS.

Draft instructions to the forms make clear that all large employers—regardless of whether they are insured, self-insured, offer no health insurance or qualify for transition relief for 2015—must provide all full-time employees, including those who decline an offer of coverage, with forms.

The instructions also clarify that unless you’re using a simplified method to report offers of health insurance to employees, you’ll have to do a lot of slicing and dicing to whip into shape for the IRS the information you already have on employees and their health care choices.

Upshot: Now is the time to make decisions regarding information reporting, since the first returns are due in 2016.

Instructions for Form 1095-C. The IRS telegraphs its preference for simplified reporting by all...(register to read more)

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