2017 ACA Reporting Deadline Extended by 30 Days

Thereby attracting more young and healthy enrollees into plans.” After the proposed rules were published, the effort to “repeal and replace” the ACA seemingly has reached impasse, making the long-term viability of the Marketplaces even more important. Insurers are now looking for assurances that the Trump Administration will continue to pay cost-sharing subsidies while litigation over them continues. Discontinuance of the subsidies alone would cause an average estimated 19 percent increase in premiums, according to the Kaiser Family Foundation. Employers may be rejoicing at the prospect of the demise of 1095 reporting, but that may be premature.

However, the ALE Member remains subject to any potential liability under section 4980H. An ALE Member may file more than one Form 1094-C, provided that one of those transmittals is an Authoritative Transmittal reporting aggregate employer-level data for the ALE Member. See the Instructions for Forms 1094-C and 1095-C for further details about the Authoritative Transmittal. An ALE Member must generally file Form 1094-C and Form 1095-C on or before February 28 of the year immediately following the calendar year for which the offer of coverage information is reported. The due date for e-filing your 2017 Form 1094-C and 1095-Cs Forms with the Internal Revenue Service is Monday, April 2, 2018. Failure to file timely may subject you to Affordable Care Act reporting penalties.

What You Need to Know About 2017 ACA Penalties

Under this notice, the deadline for furnishing 1095-B and 1095-C statements to individuals will be extended for 30 days from January 31, 2018 to March 2, 2018. There will be no additional extensions beyond that point for these statements. The Affordable Care Act prohibits employers from retaliating against employees who report violations of the Act’s health insurance reforms, found in Title I of the Affordable Care Act. Or worse, the Internal Revenue Service has sent you the Employer Shared Responsibility Penalty Assessment Letter 226J proposing a penalty based on incorrect information on your prior ACA reporting filing.

We’re an integrated HR, pensions, and employee benefits consulting, technology, and administration services firm. Founded more than 100 years ago as an actuarial consultancy, we’ve evolved to serve organisations and trustees across the health, wealth, and career spectrum.Overview Learn more about Buck and how we work with our clients. Also mirroring last year’s guidance, the IRS announced that it is extending the good faith enforcement safe harbor from penalties (generally $260 per return) for incorrect or incomplete information on the ACA reporting forms. If you will be filing less than 250 forms, you may file by paper, though the IRS encourages electronic filing. The IRS removed the Qualifying Offer Transitional Relief box on Line 22, labeling option B as ‘Reserved’ on 1094-C and Line 14 code 1I on 1095-C.

Proposed ACA Deadline Extensions and Elimination of “Good Faith” Relief

The regulations require that, for each full-time employee to whom the information is furnished, the ALE Member must obtain consent from the employee before Form 1095-C may be furnished electronically. See the instructions for Forms 1094-C and 1095-Cfor additional information about obtaining consent for electronic furnishing. The section 6056 regulations provide a general method that all ALE Members may use for reporting to the IRS and for furnishing statements to full-time employees, and also provide alternative reporting methods for eligible ALE Members. If an ALE Member is not eligible to use either one of the alternative reporting methods for some or all of its employees, the ALE Member must use the general method for those employees.

The views expressed on this blog are those of the blog authors, and not necessarily those of ADP. ADP does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. «Plan Start Month» continues to be optional for 2017 , but may be required for 2018 reporting. At ADP, we are committed to unlocking potential — not only in our clients and their businesses, but in our people, our communities and society as a whole. ADP is a better way to work for you and your employees, so everyone can reach their full potential. Explore our full range of payroll and HR services, products, integrations and apps for businesses of all sizes and industries.

Were the due dates for filing and furnishing 2015 Forms 1094-C and 1095-C extended?

The list of error codes and messages has been updated for the 2018 processing year. The publication also explains the process for requesting extensions of the filing deadlines, which will be available starting in January 2018. The 2 series codes for Form 1095-C Line 16 are used to communicate to the IRS 1) whether the employee enrolled in coverage or waived coverage, 2) why the employer did not offer coverage to the employee, and/or 3) whether the coverage offered was affordable. In most instances, an employer must enter a 2 series code on Line 16 of the 1095-C to avoid being assessed the penalty for failure to offer minimum essential coverage that is affordable and provides minimum value. Lastly, the IRS extended the “good faith” transition relief from penalties for an employer’s failure to provide complete or correct returns. So, as in 2017, employers who provide the returns to employees and file them on time, even if they are not perfect, can claim the transition relief from penalties.

• With policies in place to protect health coverage for people who may have lost jobs and/or income during the pandemic, the number of uninsured decreased in 2021.
• If you have an individual who was a Part-Time Employee , a Retiree or a COBRA-eligible former/terminated Employee and was so for the entire reporting year, you do not need to report for that individual.
• For plan years starting Jan. 1, 2018, and onward, there would be a shorter open enrollment period, running from Nov. 1 to Dec. 15, instead of Nov. 1 to Jan. 31.
• An ALE Member reporting under the Qualifying Offer method may furnish a simplified statement to an employee that received a Qualifying Offer for all 12 months of the calendar year rather than furnishing a copy of the Form 1095-C that will be filed with the IRS.

The uninsured rate for nonelderly adults fell nearly 0.8 percentage points from 12.9% in 2019 to 12.2% in 2021 while the uninsured rate for children dropped a more modest 0.3 percentage points from 5.6% to 5.3% . While increases in Medicaid coverage rates were similar for nonelderly adults and children, the decline in employer-sponsored coverage was larger for children, reducing overall coverage gains. After several years of coverage losses prior to the start of the pandemic, the uninsured rate dropped from 2019 to 2021, driven largely by increases in Medicaid coverage as well as increases in non-group Marketplace coverage during the pandemic. Coverage gains were larger among nonelderly Hispanic and Asian people compared to their White counterparts and among low-income individuals and those in working families versus those at higher incomes and those without a worker in the family. The employer must post a notice on its website stating that individuals may obtain a Form 1095-C or 1095-B upon request.

Is an ALE Member required to report under section 6056 if the ALE Member has no full-time employees?

To take advantage of the 2017 Aca Reporting transition relief, employers must make a good faith effort to complyandprovide and distribute the forms by the deadlines set out above. So as with last year, completing the ACA reporting by the applicable deadlines takes on extra significance. Then, the IRS extended the ACA reporting deadlines for all employers across the board and discontinuing any individual exemptions. In the past, the IRS has extended some grace to those who have demonstrated a ‘good faith effort’ to furnish and file forms 1094-C and 1095-C correctly. In 2017, employers should expect to face penalties for forms completed incorrectly or filed late. Regardless of an employer’s effort, the IRS will waive reporting penalties only upon reasonable cause and not for ‘good faith’ efforts.

This https://adprun.net/ was applicable to those reporting on the 2015 calendar year for non-calendar year plans that began in 2014. Section 4980H Transition Relief is still relevant for non-calendar year plans that began in 2015 and extend into 2016. An offer is considered conditional if it is subject to one or more reasonable conditions. For example, if an employee’s spouse must certify ineligibility for health coverage through his or her own employer, the offer of coverage is conditional. Minimum essential coverage providing minimum value offered to you; minimum essential coverage conditionally offered to your spouse; and minimum essential coverage NOT offered to your dependent . The new codes on Form 1095-C reflect conditional offers of coverage made to an employee’s spouse.