IRS releases final 2015 Forms 1095 & 1094 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

IRS releases final 2015 Forms 1095 & 1094

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in Office Management,Payroll Management

The IRS has released the final 2015 health care information reporting forms, Forms 1095-C/1095-B; the transmittals, Forms 1094-C/1094-B; and the instructions. The IRS has also issued a notice that cuts some slack to self-insured employers that don’t have employees’ dependents’ Social Security numbers (SSNs) by the time they need to complete Forms 1095-C/1095-B.

What’s new on Form 1095-B. Small self-insured employers file Forms 1095-B and 1094-B. The instructions clarify that only one type of coverage is reported, if employees are covered by more than one type of minimum essential coverage, and one of these rules applies:

•  Employees are covered by more than one type of coverage provided by the same provider.

Example: Employees are covered under a self-insured major medical plan and an integrated health reimbursement arrangement (HRA) pro­­vided by the same employer. Only the major medical coverage is reported.

•  Employees ar...(register to read more)

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