United Benefit Advisors Insight and Analysis Blog

Making Sense of Form 1095 Minimum Essential Coverage Reporting

Posted by: Vicki Randall    Jan 12, 2017 9:30:00 AM

In a few weeks, a second season of shared responsibility reporting will begin. For some of you, last year’s inaugural year of reporting may have felt eerily similar to Lewis Carroll’s famous book. You know the one. It included a little girl falling down a dark hole, a rabbit frantically checking his watch and a lot of other crazy characters. Now that you have the benefit of one year of reporting under your belt, let’s look at the reporting forms and try to make them less confusing by breaking them down.

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Topics: minimum essential coverage, IRS reporting, IRS Form 1095, Form 1095-B, Form 1095-C, employer shared responsibility, ACA, Affordable Care Act, Compliancedashboard, individual shared responsibility

IRS Updates FAQs Related to 6055/6056 Reporting

Posted by: Danielle Capilla    Feb 4, 2016 12:00:00 PM

The long-standing IRS FAQs related to reporting under sections 6055 and 6056 on requirements provided by the Patient Protection and Affordable Care Act (ACA) have been updated to reflect new information. Final instructions for both the 1094-B and 1095-B and the 1094-C and 1095-C were released in September 2015, as were the final forms for 1094-B, 1095-B, 1094-C, and 1095-C. On December 28, 2015, in Notice 2016-04, the IRS extended the information reporting due dates for insurers, self-insuring employers, other health coverage providers and applicable large employers. The updated FAQs take the information from Notice 2016-04 into account.

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Topics: ACA, IRS Form 1095, IRS Form 1094, employer shared responsibility, Danielle Capilla, Affordable Care Act, ACA Section 6055, ACA Section 6056, individual shared responsibility