With the year coming to a close, it is a great time to start moving Affordable Care Act (ACA) reporting and filing into your radar. As a part of the ACA, employers with 50 or more full-time and full-time equivalent employees within the previous year are required to complete a Form 1094-C and a Form 1095-C for each employee (whose hours of service equaled 130 or more hours in any given month).
Reporting the 1094-C will help employers stay accountable in 1) offering affordable minimum essential health coverage and 2) enrollment in minimum essential health coverage for eligible employees. In turn, employees must report whether they or their family members had met the minimum coverage requirements. The 1095-C thus provides important information employees will need when completing their taxes come April 15th.
Please keep in mind the important dates for employers below:
Mar. 4, 2019: Form 1095-C is due to the employee
Deadlines to file the Forms 1094-C and (a copy of each) 1095-C
Feb. 28, 2019: If filing by paper
Apr. 1, 2019: If filing electronically
Forms: 1094-C 1095-C
Instructions for form 1094-C and 1095-C