Publication
SW Benefits Update – Section 6056 Reporting of Health Coverage Information for Large Employers
by Nick J. Welle
Starting in 2016, Section 6056 of the Internal Revenue Code, which was added by the Health Care Reform Act (HCRA), requires large employers to annually report to the IRS information regarding health coverage offered to full-time employees during the preceding calendar year. Additionally, starting in 2016, large employers must provide individual statements to each full-time employee regarding the type of coverage that was offered to that employee for the preceding calendar year. Thus, in 2016, large employers must submit information to the IRS and provide similar information to all full-time employees concerning coverage offered during the 2015 calendar year. All large employers (defined below) must comply, regardless of whether the employer sponsors a self-insured or fully insured health plan, or if the employer does not offer health coverage to its employees.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
