ACA Reporting Update :
IRS Extends Filing and Distribution Deadlines

07 January 2016

Looks like 2016 has started on a positive note!

IRS Notice 2016-4 was released on December 28, 2015 extending the distribution and filing deadlines for ACA reporting forms under Section 6055 and 6056.

Here’s a quick recap of Section 6055 and 6056 requirements:

Employers are required to file IRS forms under Section 6055 and 6056 to report that their health insurance meets Employer Shared Responsibility requirements. Section 6055 shows that employers offer minimum essential coverage (MEC) while Section 6056 shows that affordable coverage was offered to all eligible employees. Employers who self-insure their medical benefits are required to complete forms under both Section 6055 and Section 6056. Employers whose medical policies are fully insured are only required to complete forms under Section 6056 and the insurance carrier is responsible for completing forms under Section 6055. Employers may qualify for a simplified filing if they can certify that coverage is offered to 95% of full-time employees.

Beginning in 2016, employers are required to file two forms annually:

  • Form 1094-C: Transmittal of Employer-Provided Health Insurance
  • Form 1095-C: Employer-Provided Health Insurance Offer and Coverage

New IRS Reporting Deadlines

Previous Due Date New Due Date
Forms 1095-C were due to individuals
February 1, 2016
March 31, 2016
If filing on paper
Forms 1094-C and 1095-C were due to be filed with the IRS
May 31, 2016
May 31, 2016
If filing electronically
Forms 1094-C and 1095-C were due to be filed with the IRS
March 31, 2016
June 30, 2016

WORKTERRA offers resources to help our clients comply with Affordable Care Act requirements. Contact us today for more information on our unified Human Capital Management solution.

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