Code Section 6055 requires employers with self-insured health plans to report information about the coverage to the IRS each year. Employers that are not ALEs use IRS Forms 1094-B and 1095-B to meet these reporting obligations. The deadline for filing paper versions of the forms with the IRS is Feb. 28, 2022; the deadline for […]

Group health plans that provide Rx coverage to individuals who are eligible for Medicare Part D Must disclose to CMS whether Prescription coverage is creditable or non-creditable within 60 days after the beginning of the plan year using CMS’s Online Disclosure Form. In general, to be creditable the Plans Rx actuarial value must be equal or […]

Multiple Employer Welfare Arrangement (MEWAs)(Regardless of size) The Form M-1 is an annual report that must be filed by MEWAs no later than March 1st following any calendar year in which the MEWA operates. MEWAs do not include plans determined by the Secretary of Labor to be collectively bargained. Up to $1,881 per day for late filing. […]

Employers that are ALEs with Fully Insured Health Plan and Self-Insured Health Plan The code requires ALEs that sponsor health plans, to report information about the coverage to covered employees each year using Form 1095-C. This is an extension from the Jan 31st deadline. Up to $280 per-form for failing to furnish an accurate Form […]

Code Section 6056 requires ALEs with fully insured health plans to provide information about health plan coverage to their full-time employees each year using IRS Form 1095-C. In general, these statements were required to be provided to employees on or before Jan. 31. However, the IRS extended the annual deadline for furnishing employee statements for […]

Code Sections 6055 and 6056 require ALEs that sponsor self-insured health plans to report information about the coverage to the IRS each year using IRS Forms 1094-C and 1095-C. The deadline for electronic filing is March 31, 2023.

Employers with Employees in CA, NJ, and RI Employers must provide IRS Forms 1095-B/1095-Cs to the state’s Franchise Tax Board or Division of Taxation CA: Subject to a $50 penalty per individual NJ: Subject to a $50 penalty per individual, going up to a maximum of $50,000. RI: No Penalty listed