August 19, 2016
Authored by: benefitsbclp
Last month, the IRS issued proposed changes to the ACA reporting and disclosure forms for 2016. As a reminder, Forms 1094-B and 1095-B are used by insurance providers to report on the number of individuals enrolled in health care coverage during a tax year, while Forms 1094-C and 1095-C are used by Applicable Large Employers (“ALEs”) to report on the health insurance coverage which they must offer to all their full-time employees during a tax year. We previously discussed the forms in depth here, here and here.
The drafts are subject to change, but we have provided some highlights of the proposed changes below.
- Line 22, Box B is now “Reserved.” The Qualifying Offer Method Transition Relief was only available for