More healthcare-related regulatory news for plan sponsors, including links to detailed information.
New draft Form 1094-1095 information returns published
The Internal Revenue Service (IRS) has released draft 2017 versions of Form 1094/1095 information returns. The draft instructions for the forms have not been released.
• Draft Form 1094-B: Transmittal of Health Coverage Information Returns
• Draft Form 1095-B: Health Coverage
• Draft Form 1094-C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns
• Draft Form 1095-C: Employer-Provided Health Insurance Offer and Coverage
Forms 1094-B and 1095-B are used by coverage providers to report health plan enrollment as required by Code § 6055. Forms 1094-C and 1095-C are used by applicable large employers (ALEs) to report information relevant to Code § 4980H employer shared responsibility penalties as required by Code § 6056.