The IRS recently released final forms that employers must use to
report health coverage that they offer to their employees. These
new reporting requirements, which become effective for the 2015
calendar year, were added by the Affordable Care Act (ACA). These
requirements are in addition to the requirement already in effect
to report the cost of health insurance on Form W-2.
Read more about the reporting
requirements.
Applicable large employers (with 50 or more full-time and
full-time equivalent employees (FTEs) will use Form 1094-C Transmittal of
Employer-Provided Health Insurance Offer and Coverage Information
Returns, and Form 1095-C,
Employer-Provided Health Insurance Offer and Coverage, to
satisfy reporting requirements under Sections 6055 and 6056. Health
insurance companies will use Form 1094-B, Transmittal
of Health Coverage Information Returns, and Form 1095-B, Health
Coverage, to satisfy the Section 6055 reporting
requirements.
