A previous post informed about an upcoming (voluntary in 2015; mandatory in 2016) Affordable Care Act (ACA) compliance requirement requiring employers (small and large) and health insurers to report on health insurance coverage offered to employees.
(See – http://sstevenshealthcare.blogspot.com/2014/03/aca-employer-reporting-requirements.html )
Recently the IRS released draft versions of various forms that employers will need to disclose detailed information to both their employees and the IRS. The purpose of the reporting is to assist the federal government in enforcing the ACA’s individual mandate, employer mandate, and premium subsidy provisions.
Here’s what the IRS released, in draft form:
IMPORTANT: Applicable, large employers that are self-funded are allowed to consolidate the filing requirements of nos. 1 & 2 by filing only Form 1095-C.
Copies of the IRS draft forms are available by clicking here: http://apps.irs.gov/app/picklist/list/draftTaxForms.html