ACA Reporting: Employee Informational Letters

ACA Reporting: Employee Informational Letters

A few months ago, the IRS released the following final 2015 versions of the forms and instructions that employers will use to report under Sections 6055 and 6056. On the same day, the IRS issued Notice 2015-68 to provide additional guidance for purposes of Section 6055 reporting.

Form 1094-B and Form 1095-B (and related instructions) will be used by entities reporting under Section 6055, including sponsors of self-insured group health plans that are not reporting as Applicable Large Employers, or “ALEs” (e.g. employers with fewer than 50 full-time employees including full-time equivalents sponsoring a self-insured group health plan).

Form 1094-C and Form 1095-C (and related instructions) will be used by ALEs that are reporting under Section 6056, and for combined reporting by ALEs that sponsor self-insured plans required to report under both Sections 6055 and 6056.

Kistler Tiffany Benefits is providing clients with customizable letters that may be issued to employees explaining the new employee returns (either the Form 1095-B or Form 1095-C). These letters could be included in the same mailing as the employee return. NOTE: These letters require customization.

Furthermore, Kistler Tiffany Benefits is providing clients with a general “Know Your Benefits” piece addressing both the 1094-B and 1095-C forms that may also be distributed to employees. NOTE: The “Know Your Benefits” piece requires customization as well.

If you have questions regarding the ACA reporting requirements, please contact your Kistler Tiffany Benefits’ Employee Benefits Consultant.

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