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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Finally, Some Good News: IRS Extends Certain ACA Reporting Deadlines and Transition Relief
As in prior years, the IRS has provided relief for employers preparing to comply with the Affordable Care Act’s (“ACA”) information reporting requirements in early 2021 for the 2020 calendar year. In particular, Notice 2020-76 (the “Notice”) extends the deadline to furnish Forms 1095-B and 1095-C to employees. The new deadlines are provided, below.
| Original Deadline | Extended Deadline | |
| Form 1095-B (to employees) | January 31, 2021 | March 2, 2021 |
| Form 1095-C (to employees) | January 31, 2021 | March 2, 2021 |
Importantly, the Notice does not extend the deadline for filing Forms with the IRS. Instead, the deadline to file with the IRS remains February 28, 2021 (for paper filings) and March 31, 2021 (for electronic filings). Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 4980H, ACA, deadlines, extension, notice 2020-76, reporting
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A Post-Thanksgiving Treat: IRS Extends Certain ACA Reporting Deadlines and Transition Relief
The IRS provided welcome news to employers preparing to comply with the Affordable Care Act’s (“ACA”) information reporting requirements in early 2020 for the 2019 calendar year. In particular, Notice 2019-63 (the “Notice”) extends the deadline to furnish Forms 1095-B and 1095-C to employees. The new deadlines are provided, below.
| Original Deadline | Extended Deadline | |
| Form 1095-B (to employees) | January 31, 2020 | March 2, 2020 |
| Form 1095-C (to employees) | January 31, 2020 | March 2, 2020 |
Importantly, the Notice does not extend the deadline for filing Forms with the IRS. Instead, the deadline to file with the IRS remains February 28, 2020 (for paper filings) and March 31, 2020 (for electronic filings). Read More ›
Posted in Health & Welfare Plans, Health Care Reform
| Tagged ACA, deadlines, extension, Form 1095-B, Form 1095-c, good faith, notice 2019-63, reporting
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A Holiday Surprise – IRS Extends Certain ACA Reporting Deadlines and Transition Relief
The IRS delivered welcome news to employers preparing to meet the Affordable Care Act’s (“ACA”) information reporting deadlines in early 2019 for the 2018 calendar year. In Notice 2018-94 (the “Notice”), the IRS extended the employer’s deadline to furnish Forms 1095-B and 1095-C to employees. The new deadlines are provided below.
| Original Distribution Deadline | Extended Distribution Deadline | |
| Form 1095-B (to employees) | January 31, 2019 | March 4, 2019 |
| Form 1095-C (to employees) | January 31, 2019 | March 4, 2019 |
It is important to note that the Notice does not extend the deadline for filing Forms with the IRS. The deadline to file with the IRS remains February 28, 2019 (for paper filings) and April 1, 2019 (for electronic filings). Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 4980H, ACA, extension, reporting
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Approaching Deadlines for Affordable Care Act Reporting
As we recently reported in our “2017 End of the Year Plan Sponsor To Do List,” applicable large employers must continue to submit to the IRS and to employees information regarding offers of health coverage made to full-time employees in 2017.
The IRS recently published Notice 2018-06 (the “Notice”), which contains some relief with respect to the required reporting. In particular, the Notice extends the deadline to distribute Forms 1095-C to employees and continues the application of good faith transition relief. The Notice does not extend the deadline for filing Forms 1094-C or 1095-C with the IRS.
Extension of Deadline to Furnish Forms 1095-C to Employees
The Notice extends the deadline for furnishing Forms 1095-C to employees from January 31, 2018 to March 2, 2018. Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 1094-C, 1095-C, ACA, deadline, forms, notice 2018-06, reporting
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Gear Up for Reporting of Health Coverage
Starting in 2016, Section 6055 of the Internal Revenue Code (the “Code”), which was added by the Health Care Reform Act, requires all entities providing “minimum essential coverage” (“MEC”) to submit information to the IRS concerning each covered individual for the 2015 calendar year. Section 6055 also requires these entities to provide statements containing similar information to certain covered individuals. MEC is broadly defined to include any group health plan or group health insurance that is not an excepted benefit (e.g., stand-alone dental or vision plans). As noted, all entities providing MEC must comply with Section 6055. This includes, for example, all employers sponsoring self-insured group health plans, regardless of employer size. Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged Affordable Care Act, Health Care, health care reform, minimum essential coverage, reporting
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