Deadline to Provide Forms 1095-B and 1095-C to Employees – March 31, 2016
Applicable large employers (ALEs) with 50 or more full-time employees including equivalents (FTEs) in 2014 must comply with Section 6056 reporting. ALEs must complete and distribute a Form 1095-C to full-time employees by March 31, 2016. The forms may be mailed, electronically delivered or delivered by hand. If electronically delivered, the employee must affirmatively consent to this form of delivery. If hand delivered, best practice is to receive the employee’s signature of receipt.
Small employers with fewer than 50 FTEs are not subject to reporting unless they are self-insured. Self-insured small employers must comply with Section 6055 reporting. Such employers must complete and distribute a Form 1095-B for each covered employee plus any covered COBRA participants and retirees.
As a reminder, an employer must consider other employer members of a controlled group to determine size.
NFP has many resources to assist employers in understanding and completing their reporting requirements, including recorded webinars, e-learning modules and whitepapers. Some of these resources are linked below. For additional information, please contact your advisor.
Deadline Extensions for 6055 and 6056 Reporting: A (Brief) Sigh of Relief