IRS Releases Draft Forms for Employer Reporting of Health Coverage

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees.

On July 24, 2014, the Internal Revenue Service (IRS) released draft versions of the following forms that employers will use to report under Sections 6055 and 6056:

1.    Form 1094-B: Transmittal of Health Coverage Information Returns;

2.    Form 1095-B: Health Coverage;

3.    Form 1094-C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return; and

4.    Form 1095-C: Employer-Provided Health Insurance Offer and Coverage.

To view the Scott Healthcare Reform Bulletin click here.