United Benefit Advisors Insight and Analysis Blog

IRS Releases Draft Forms and Instructions for 2018 ACA Reporting

Posted by: Karen Hsu    Sep 27, 2018 1:12:48 PM

The IRS recently released draft instructions for both the 1094-B and 1095-B and the 1094-C and 1095-C and the draft forms for 1094-B, 1095-B, 1094-C, and 1095-C. There are no substantive changes in the forms or instructions between 2017 and 2018, beyond the further removal of now-expired forms of transition relief. There is a minor formatting change to draft Form 1095-C for 2018. There are dividers for the entry of an individual’s first name, middle name, and last name.

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Topics: ACA Advisor, ACA reporting, health care coverage, compliance with health care reform, IRS reporting

IRS Roundup: What Employers Need to Know about the Latest ACA Notices

Posted by: Danielle Capilla    Sep 28, 2017 9:30:00 AM

In spite of the recent efforts by Congress to change or repeal the ACA, its provisions are still in effect. The IRS has issued continuing guidance on the affordability rate for coverage, the employer shared responsibility provisions and reporting, and the individual mandate provision.

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Topics: Affordable Care Act, employer shared responsibility, IRS reporting

IRS Q&A About Employer Information Reporting on Form 1094-C and Form 1095-C

Posted by: Danielle Capilla    Feb 22, 2017 9:30:00 AM

The Internal Revenue Service (IRS) recently updated its longstanding Questions and Answers about Information Reporting by Employers on Form 1094-C and Form 1095-C that provides information on:

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Topics: IRS reporting, Form 1094-C, Form 1095-C, COBRA continuation coverage, ACA, Affordable Care Act, Danielle Capilla, offer of coverage

Good Sense Guide to Minimum Essential Coverage Forms 1094-C and 1095-C

Posted by: Vicki Randall    Feb 2, 2017 9:30:00 AM

If you are an Applicable Large Employer (ALE), you may still be catching your breath from 2015 Patient Protection and Affordable Care Act (ACA) reporting. However, in a couple of weeks the process starts all over again as you prepare for the 2016 reporting cycle. As with all new requirements, the first filing cycle had some bumps as there was little guidance for some of the questions and issues that arose. In preparation for 2017, let’s take a look at the “C” forms and discuss areas of the forms that may have been confusing.

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Topics: Form 1094-C, Form 1095-C, Affordable Care Act, ACA, applicable large employers, IRS reporting, offer of coverage, Vicki Randall, Compliancedashboard

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