IRS Forms 1094 and 1095

IRS Releases Final 2016 Forms 1094 and 1095

The Internal Revenue Service (IRS) has released the final forms and instructions for Forms 1094 and 1095 for calendar year 2016 reporting. Employers are required to report in early 2017 for calendar year 2016.

2016 Forms and Instructions

The following calendar year 2016 reporting forms and instructions are now available:

  • Form 1094-C (transmittal)
  • Form 1095-C (2016 Instructions for¬†Forms 1094-C and 1095-C)
  • Form 1094-B (transmittal)
  • Form 1095-B 2016 Instructions for Forms 1094-B and 1095-B)

Information Reporting Deadlines

Applicable large employers (ALEs)--generally those with 50 or more full-time employees, including full-time equivalents (FTEs)--must furnish a Form 1095-C to each of its full-time employees by January 31, 2017. Forms 1094-C and 1095-C are also required to be filed with the IRS by February 28, 2017 (or March 31, 2017, if filing electronically).

Insurers, self-insuring employers, and other parties that provide minimum essential health coverage(regardless of size, except for large self-insuring employers) must furnish a copy of Form 1095-B to the person identified as the "responsible individual" by January 31, 2017. The responsible individual is the person who, based on a relationship to the covered individual(s), the primary name on the coverage, or some other circumstances, should receive the statement. Forms 1094-B and 1095-B are also required to be filed with the IRS by February 28, 2017 (or March 31, 2017, if filing electronically).

Employers subject to both reporting provisions (generally self-insured employers with 50 or more full-time employees, including FTEs) will satisfy their reporting obligations using Forms 1094-C and 1095-C.

In addition, please be advised that Forms 1095-B and 1095-C must be electronically filed if the reporting entity is required to file at least 250 of the specific form.

Information provided HR360, the award-winning online HR library featuring easy-to-understand guidance on federal and state labor laws and Health Care Reform along with interactive HR tools and hundreds of forms and posters.The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources which we believe to be reliable, but there is no guarantee as to its accuracy.

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