Final versions of IRS Forms 1094 and 1095, which are to be used by health plan issuers and employers to fulfill reporting obligations under Code §§ 6055 and 6056, were released by the IRS in February. The agency will use the benefit and participant information reported in these forms to administer the ACA employer and individual shared responsibility provisions and to determine what individuals are eligible for premium assistance when enrolled in Exchange benefits.
Click here to download HBI’s 6055 & 6056 employer reporting summary for a general overview of the requirements. Our clients also will receive two step-by-step guides designed specifically for Applicable Large Employers (ALEs) that need to report detailed information on Forms 1094-C and 1095-C.

Please note that the information contained in this document is designed to provide authoritative and accurate information, in regard to the subject matter covered. However, it is not provided as legal or tax advice and no representation is made as to the sufficiency for your specific company’s needs. This document should be reviewed by your legal counsel or tax consultant before use.

Additionally, the messages and content within the Pittsburgh Health Care Reform group do not reflect the advisory services of Henderson Brothers, Inc.