Health and Benefits Updates

IRS Posts Instructions for Affordable Care Act Reporting

The IRS has posted 2021 detailed instructions for reporting information related to compliance with the Affordable Care Act (ACA).

2021 Instructions for Forms 1094-C and 1095-C
2021 Instructions for Forms 1094-B and 1095-B

Under Internal Revenue Code Section (IRC Sec.) 6056, certain "applicable large employers" (generally, those with 50 or more full-time-equivalent employees) are required to file with the IRS and distribute to employees information on offers of coverage and enrollment in the employer’s health insurance plan(s). Under IRC Sec. 6055, providers of health coverage are required to report to the IRS and to employees the months that an employee was covered under ACA-defined minimum essential coverage. Forms 1094-B, 1094-C, 1095-B, and 1095-C are used to report this information.

These instructions will be reviewed for any significant changes from the 2021 tax year versions, and findings will be shared as appropriate.