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Time to get to work on health care reporting forms

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in Office Management,Payroll Management

The IRS made no changes to the final health care information reporting forms, Forms 1095-C/1094-C, and only clarified a few murky points in the instructions.

Upshot: All large employers (i.e., employers with at least 50 full-time employees, including full-time equivalent employees), even those that offer no health insurance and those that are eligible for transition relief this year, can begin to collect the information needed to complete these forms.

What’s new for Forms 1095-C/Form 1094-C. Complete Form 1095-C for each full-time employee who receives an offer of coverage, including employees who turn down your offer. The IRS clarified that you have made an offer for a month only if you offer coverage for the entire month, unless employees’ coverage ends because they terminated. The instructions also clear up these key points to Part III, which is used by employers that self-insure:

  • Family members: Report all family member...(register to read more)

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