2017 ACA Reporting Forms

Posted on Posted in ACA Reporting, IRS Reporting

Final 2017 IRS Forms 1094-C and 1095-C released

The IRS issued final 2017 ACA Reporting forms 1094-C Employer Transmittal and 1095-C Offer of Coverage.  Final instructions were released October 4th and there were no substantive changes.

1094-C Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns

The 1094-C form had little changes from prior year forms.  With transitional relief no longer applicable, the biggest change can be found on line 22 Certification of Eligibility. A. Qualifying Offer Method, B. Reserved, C. Reserved and D. 98% Offer Method. If an employer does not qualify for (A) or (D) they should leave line 22 blank.

Qualifying Offer Method – this offer coordinates with the 1095-C line 14 (1A) code for affordability using self-only 9.56% (indexed annually) of federal poverty line and minimum essential coverage to spouse and dependents.

98% Offer Method – this offer most often coordinates with the 1095-C line 14 (1E) code of minimum essential coverage and minimum value to employee and minimum essential coverage only to spouse/dependents.  The employer must certify that affordable coverage was offered to 98% of its’ employees for whom it is filing a 1095-C employee statement.

1095-C Employer-Provided Health Insurance Offer and Coverage

The 1095-C form had little changes from prior year forms as well.  There are no new codes to comply with for 2017 however on line 16 code (2I) Non-calendar year transitional relief is no longer applicable.  With transitional relief no longer applicable, the biggest change can be found on line 22 Certification of Eligibility. A. Qualifying Offer Method, B. Reserved, C. Reserved and D. 98% Offer Method. If an employer does not qualify for (A) or (D) they should leave line 22 blank.

The upcoming reporting year deadlines for 2017 tax year

January 31, 2018 – deadline to furnish 1095-C schedules to individuals                           
February 28, 2018 – deadline to file 1094/1095-C schedules if paper filing  
April 2, 2018 (March 31st is a Saturday) – deadline to files 1094/1095-C schedules if electronic filing

If you should have any questions, please do not hesitate to reach out to your Senior Benefits Consultant or myself directly at 1-800-836-0026 x230 or 585-415-0448 or email at lallen@relphbenefitadvisors.com.

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