Applicable large employers (employers with 50 or more full-time employees) have to be concerned with health care reform reporting requirements.
In addition, insurers, and self-insured employers, regardless of size, that provide minimum essential coverage to an individual must report information to the IRS and provide information to each covered individual. The information is used to determine the months in which the person was covered by minimum essential coverage and satisfied the shared responsibility requirement under health care reform.
Providers that are not self-insured employers must file Form 1095-B and Form 1094-B with the IRS no later than February 28 (March 31 if filing electronically) of the year following the calendar year to which the return relates. The statement to individuals must be provided by January 31.
Self-insured employers that are not applicable large employers use Form 1095-B and 1094-B transmittal.
Self-insured employers that are applicable large employers must combine reporting and file a single information return, Form 1095-C, and Form 1094-C transmittal. For more information, click here.
