The Affordable Care Act (ACA) created reporting rules under Code Sections 6055 and 6056 that require certain employers to provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees. Each reporting entity must annually file all of the following with the IRS:
- • A separate statement (Form 1095-B or Form 1095-C) for each individual who is provided with minimum essential coverage (for providers reporting under Section 6055), or for each full-time employee (for ALEs reporting under Section 6056)
- • A transmittal form (Form 1094-B or Form 1094-C) for all of the returns filed for a given calendar year
Reporting entities must also furnish related statements (Form 1095-B or 1095-C) to individuals. Read more
