Did You Know?
Instructions for the forms to be used for health coverage reporting under the Affordable Care Act are now available, along with Q&As on the reporting rules, which are found in Code Section 6055 and 6056.
The Instructions for Forms 1094-B and 1095-B will be useful for entities reporting minimum essential coverage under Section 6055, such as health insurance issuers and self-insured plan sponsors that are not applicable large employers (ALEs). The Instructions for Forms 1094-C and 1095-C will be used by ALEs that are reporting under Section 6056, as well as for combined reporting by ALEs with self-funded plans.
The forms and instructions are draft versions only, and they should not be relied upon or used for filing. Both the forms and instructions will be finalized later this year.
To read the rest the October Newsletter go here.