Form 1095-C Filing Instructions for Employers
When the Affordable Care Act was passed, the Internal revenue Service (IRS) designed Section 6056 of the Internal Revenue Code to gather information on the health insurance coverage that Applicable Large Employers (ALEs) offered to their employees. Under IRC Section 6056, the IRS requires ALEs to file ACA Forms 1095-C and 1094-C to the IRS and distribute copies of ACA Forms to employees. IRS Form 1095-C provides information regarding employer-provided health insurance coverage – or offers of coverage. It may also detail the months of coverage the employee and their spouse and/or eligible dependents had during each month. The IRS uses the information on Form 1095-C to determine the following: Whether an employer is potentially liable for payment under the employer shared responsibility provisions of section 4980H, and the amount of the payment, if any. Eligibility of employees to purchase premium tax credit. Who must file ACA Form 1095-C? The Affordable...