What is the New ACA Form Furnishing Deadline?

For Applicable Large Employers (ALE) that are subject to the rules of the Affordable Care Act (ACA), there is a new ACA form furnishing deadline. The IRS has moved back the deadlines by which employers must furnish Forms 1095-C and 1095-B in early 2019. As a result:

• Employers with 50 or more full-time employees (including full-time equivalent employees) generally must furnish a Form 1095-C to all full-time employees no later than March 4, 2019.
• Self-insured employers with fewer than 50 or more full-time employees (including full-time equivalent employees) generally must furnish a Form 1095-B to all responsible individuals — typically the primary insured, an employee or former employee, or other related person named on the application for insurance — no later than March 4, 2019.

The deadline for employers to file all Forms 1094 and 1095 with the IRS remains February 28, 2019 (or April 1, 2019, if filing electronically).

GTM understands the complexity behind this health care legislation and, through our payroll software, our ACA reporting solutions include new reports and tools to ensure our clients’ compliance with the ACA requirements. Learn more, then request a free quote to see how we can help your business.

Source: “IRS Moves Back Furnishing Deadlines for Forms 1095-C and 1095-B” by Zywave