ACA health coverage reporting requirements extended to March

By: Michelle Higgins

Publication: Benefits & Compensation Regulatory Alert

Date Posted: 01/11/2021

IRS announced it’s extending the due dates of the Affordable Care Act’s

In October, the Internal Revenue Service (IRS) announced it’s extending the due dates for the Affordable Care Act’s (ACA) reporting requirements from January 31, 2021 to March 2, 2021.

The requirements apply to:

  • Insurers
  • Self-insuring employers
  • Applicable large employers (typically employers with 50 or more full-time employees, including full-time equivalent employees, in the previous year)

These groups must file and furnish annual information, returns, and statements to the IRS relating to the health insurance that employers offer to full-time employees.

Generally, they must provide employees with minimum essential coverage and are required to give individuals the 2020 Form 1095-B (Health Coverage), and the 2020 Form 1095-C (Employer-Provided Health Insurance Offer and Coverage).

The IRS will not be granting other extensions to furnish Forms 1095-B and 1095-C. Aside from the reporting extension, the IRS encourages employers and other coverage providers to furnish 2020 information statements as soon as they are able.

About the author
Michelle Higgins - Human Resources Editor

Michelle Higgins is an Associate Editor on the Human Resources Publishing Team and she creates content on a variety of employment-related topics including benefits, compensation, overtime, wage deductions, exempt/nonexempt employees, health and retirement plans, independent contractors, and child labor.

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