Health Coverage Information Reporting Deadlines for Applicable Large Employers Approaching

The healthcare coverage information reporting deadlines are approaching for applicable large employers. All applicable large employers are subject to the Patient Protection and Affordable Care Act’s (P.L. 111-148) reporting requirements, including, government, Tribal, tax-exempt and for-profit employers. An applicable large employer is an employer with 50 or more full-time employees, including full-time equivalent employees. The reporting requirements apply whether or not the employer offered healthcare coverage to its employees.

An applicable large employer must file information returns with the IRS and provide statements about available health coverage to each employee who was a full-time employee for at least one month of the year. The employer must use Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to report the required information to employees and to report information about each employee to the IRS. Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return, must be used to report summary information for each employer and to transmit Forms 1095-C to the IRS.

Forms 1095-C must be provided to employees by February 1, 2016. Forms 1094-C and 1095-C are due to the IRS by February 29, 2016, if filing on paper, or March 31, 2016, if filing electronically.

Health Coverage Information Reporting Deadlines for Applicable Large Employers are Approaching

 

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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