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Last week, the Internal Revenue Service (IRS) released final forms and instructions to be used for ACA reporting due in January 2016 for coverage offered in calendar year 2015. These updates include final versions of Form 1094-C and 1095-C for Applicable Large Employers (ALEs) and accompanying instructions.

Form 1094-C is identical but has a link change: www.irs.gov/form1094c

Form 1095-C is available here: www.irs.gov/form1095c and has three changes:

ACA Reporting

  • Line 10. The telephone number to call with questions can also be used to report information errors on the form and ask that they be corrected.
  • Line 14. Explanation that coverage reported does not include coverage offered through a multiemployer plan due to membership in a union. 
  • Line 14. Code 1A removed the dollar value to report coverage providing minimum value of self-only coverage, employee contributions equal to or less than 9.5% of the 48 contiguous states single federal poverty line vs. equal or less than $1,108.65. 

The instructions for both Forms 1094-C and 1095-C include new information about:

  • The Qualifying Offer Method and transitional relief for 2015
  • Multiemployer arrangements
  • Reporting COBRA coverage
  • Reporting coverage for individuals who have both medical coverage and a Health Reimbursement Arrangement (HRA)
  • Employees who have TRICARE or Veterans coverage
  • Counting the total number of employees per month on the 12th day of the month (as well as other days previously announced)

To learn more about ACA reporting and how Paypro can assist you, please contact one of our Workforce Management Specialists.