On July 28, 2017, the IRS released draft versions of the forms that employers will use to report on the health insurance coverage they offered in 2017. Generally, most applicable employers will use Form 1094-C and Form 1095-C to meet their reporting obligation under the Affordable Care Act. Below are links to the draft versions of the 2017 forms:
While instructions for these 2017 forms have not yet been released, the draft versions appear to be very similar to the 2016 versions. One of the main changes involves the removal of references to “Section 4980H Transition Relief”, which has expired.
For a more detailed look at the draft forms, all clients of CBG Benefits may download our compliance bulletin about this topic within the CBGconnect portal.
If you have any questions about whether this ACA Reporting requirement applies to your company, or if you need help producing Form 1094-C and Form 1095-C, please contact the a member of the CBG Benefits team at 781-759-1222.