Update on Form 1095-C—Affordable Care Act (ACA) Reporting

As announced in the Dec. 21 edition of The Connection, Heartland AEA will begin providing certain employees with Form 1095-C—Employer-Provided Health Insurance Offer and Coverage. Form 1095-C is a new reporting requirement of the ACA effective with the 2015 tax year.

You’ll receive Form 1095-C if you were a full-time employee for at least one month during the 2015 calendar year or were covered under the Agency’s health plan. This form includes information about health insurance coverage and enrollment that is offered to you and your family, if applicable.

This new reporting requirement is complex and is requiring a substantial effort by the IRS, software vendors, insurers and employers to build the necessary systems and processes to accommodate this new reporting. Originally, Form 1095-C was required to be provided to employees by Jan. 31, 2016. In recognition of the magnitude of this new reporting requirement, the IRS has announced the due date for providing employees with Form 1095-C has been extended from Jan. 31 to March 31.

Heartland AEA recently received a system update from our software vendor, and our ACA team is working through the system upgrade. At this moment, our best estimate is we’ll be able to provide employees with Form 1095-C in late February.
You should consult with your tax advisor for your specific health care tax questions. If you have any questions about Form 1095-C, contact Steve Jordan, Senior Payroll Specialist, at ext. 14908.