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Industry News

Cigna: IRS Extends Reporting Due Dates for 1095 Forms Sent to Individuals

On November 18, 2016, the Internal Revenue Service (IRS) announced extended deadlines for 2016 Minimum Essential Coverage (Section 6055) and Large Employer Shared Responsibility (Section 6056) reporting due to individuals in early 2017.

Important: This article discusses the extension only. Use our Employer Reporting Requirements under ACA resources for a complete summary with links to all forms, instructions, and guidance.

The extended deadlines are as follows:

2016 Forms Sent to Individuals Original Deadline Extended Deadline
Form 1095-B
Form 1095-C
Jan 31, 2017 Mar 2, 2017

Employers and insurers are encouraged to provide the forms to individuals as soon as possible but no later than March 2, 2017. Individuals who file their 2016 federal income tax returns before receiving their 1095-B and 1095-C forms will not be required to amend their income tax returns once they receive their forms. They should keep their forms, once received, with their tax records.

The IRS has not extended the due date for filing 2016 Forms 1094-B, 1095-B, 1094-C, or 1095-C with the IRS. The deadline remains February 28, 2017, for those with 250 or fewer forms filing by paper, or March 31, 2017, if filing electronically.

The IRS also extended its transition relief with respect to penalties if good faith efforts are made to comply with information reporting requirements.

Read the IRS notice on reporting extensions.

Who is responsible for MEC and Large Employer Reporting to individuals?

Insurers of fully insured (and HMO) medical plans are responsible for completing Form 1095-B for MEC reporting on individuals covered by their plans.

Applicable Large Employers—i.e.: employers who averaged 50 or more full-time and full-time equivalent employees during the prior year—are responsible for completing Form 1095-C for Large Employer reporting. The requirement applies to all applicable large employers irrespective of whether they offered a health plan or the type of plan offered. Employers use the form to detail the coverage they offered (or did not offer) to full-time employees and their dependents and-for those that offered self-funded plans-what individuals were covered by the plan (and when).

Employers with less than 50 full-time and/or full-time equivalent employees that self-fund their medical plans must only report the MEC on individuals covered under their self-funded plans using the B forms.

This article was adapted from an article on Cigna’s Informed on Reform website. We encourage you to bookmark Cigna’s health care reform website, www.InformedonReform.com, where they continuously update information as it becomes available and review their Reporting Requirements Toolkit.

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