Reminder: 1095S Due to Employees by March 2, 2018
February 23, 2018
The filing deadline for the 1095 forms to be furnished to employees is approaching fast. These forms are due March 2, 2018. Note that the deadline for filing the required 1095 and 1094 forms with the IRS remains February 28, 2018 if filed manually (March 31, 2018 if filed electronically).
REPORTING TO THE IRS
All applicable large employers (those with 50 or more full-time equivalents (FTEs)) are required to report whether coverage was offered to any employees who were full-time for at least one month during the year. Also, all employers sponsoring a self-funded medical plan (including employers with less than 50 FTEs) are required to report on all individuals covered under the plan. Employers report by using Forms 1094 and 1095. Employers filing 250 or more Form 1095s are required to file electronically.
For more information on employer reporting requirements see the IRS website at
https://www.irs.gov/affordable-care-act/employers/questions-and-answers-on-reporting-of-offers-of-health-insurance-coverage-by-employers-section-6056.
https://www.irs.gov/affordable-care-act/employers/questions-and-answers-on-reporting-of-offers-of-health-insurance-coverage-by-employers-section-6056.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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