On September 17th, 2015, the IRS released finalized forms and instructions for 2015 to help employers prepare for compliance with the new information reporting provisions under the Affordable Care Act (ACA).
Please use the following links to access the final forms and instructions, along with a helpful Q&A from the IRS:
- Form 1094-C (used to report summary information)
- Form 1095-C (used to report information about each employee)
- Instructions for Form 1094-C and Form 1095-C
- Questions and Answers for Form 1094-C and Form 1095-C
As a reminder, applicable large employers (generally those with 50 or more full-time employees, including full-time equivalents or FTEs) are required to report for the first time in early 2016 for calendar year 2015.
While we recognize that many companies will be using a third-party (such as their payroll vendor) to produce these reports, we encourage you to proactively take steps to ensure that your company is prepared to meet these compliance requirements.
If you have any questions about how your company will comply, please contact the CBG Benefits team at 781-759-1222 or via email at info@CBGBenefits.com.