Wednesday, January 17, 2018

IRS Extends Deadline for Employers to Provide 1095 B & C Forms to Employees


The IRS has published a notice extending the 2018 due date for certain employers and health coverage providers to furnish 2017 health coverage information forms to individuals.
The following organizations now have until March 2, 2018 to provide Forms 1095-B or 1095-C to individuals:
  • Insurers
  • Self-insuring employers
  • Other coverage providers
  • Applicable large employers
The March 2 date is a 30-day extension from the original due date of Jan. 31.
The organizations listed above must furnish statements to employees or covered individuals. The statements have information about the health care coverage offered or provided to the employees or covered individuals. The recipients may use this information to determine if they can claim the premium tax credit on their individual income tax returns.
This 30-day extension is automatic. Employers and providers don’t have to request it. The due dates for filing 2017 information returns with the IRS are not extended. For 2018, the due dates to file information returns with the IRS are:
  • Feb. 28 for paper filers.
  • April 2 for electronic filers.
Because of these extensions, individuals may not receive their Forms 1095-B or 1095-C by the time they are ready to file their 2017 individual income tax return. While information on these forms may assist in preparing a return, taxpayers are not required to have these forms to file.
Taxpayers can prepare and file their returns using other information about their health coverage. Therefore, taxpayers do not have to wait for Forms 1095-B or 1095-C to file.  More information is available at IRS.gov/aca.
AHCA/NCAL maintains a special web page containing the latest news related to the Affordable Care Act (ACA). In addition, AHCA/NCAL will continue to keep members apprised about any additional ACA developments as they occur through our AHCA/NCAL communications.
While the individual mandate has been repealed by Congress and the Administration, employers renewing their employee health benefit plan should still choose a plan that is ACA compliant. AHCA/NCAL Insurance Solutions was created to help members save money on their employee benefit plans.
To explore your health plan options available through AHCA/NCAL Insurance Solutions, contact Dave Kyllo at 202-898-6312 or Nick Cianci at 202-898-2841, or email them at ahcainsurancesolutions@ahca.org.

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