IRS Notice https://www.irs.gov/pub/irs-drop/n-16-4.pdf 2016-4 extends the deadline for large group and self-funded groups for reporting under section 6055 & 6056.
Under the law applicable large employers or self funded plans:
Must provide to individuals the 1095-B and 1095-C forms. This was originally due by Feb. 1st and now has been extended to March 31st of 2016.
Must file with the IRS the 2015 forms:
- 1094-B, 1095-B, 1094-C and 1095-C has also been extended to May 31st 2016.
The 1094-B and 1095-B will be used by groups that have self-funded plans, but are not considered a large group. These fillings are to report plan information to the IRS and to covered employees.
Applicable large group employers will use forms 1094-C and 1095-C to report info to the IRS and employees.
If your company is both a large group and self-funded, use forms 1094-C & 1095-C, this will satisfy both reporting requirements.
Employers that do not comply with the ACA reporting will be subject to penalties.
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