IRS Extends Reporting Due Dates for 1095 Forms Sent to Individuals

 

On November 18, 2016, the Internal Revenue Service (IRS) announced extended deadlines for 2016 Minimum Essential Coverage (Section 6055) and Large Employer Shared Responsibility (Section 6056) reporting due to individuals in early 2017. The extended deadlines are as follows:

2016 Forms Sent to Individuals Original Deadline Extended Deadline
Form 1095-B
Form 1095-C
1/31/2017 3/2/2017

Employers and insurers are encouraged to provide the forms to individuals as soon as possible but no later than March 2, 2017. Individuals who file their 2016 federal income tax returns before receiving their 1095-B and 1095-C forms will not be required to amend their income tax returns once they receive their forms. They should keep their forms, once received, with their tax records.

It is important to note the IRS has not extended the due date for filing 2016 Forms 1094-B, 1095-B, 1094-C, or 1095-C with the IRS. The deadline remains February 28, 2017, for those with 250 or fewer forms filing by paper, or March 31, 2017, if filing electronically.

The IRS also extended its transition relief with respect to penalties if good faith efforts are made to comply with information reporting requirements.

Read the IRS notice on reporting extensions

 

Original post from CIGNA’s Reporting Requirements Toolkit.

Transitional Reinsurance Filing Deadline November 15

trpfee

Who needs to file and pay?

  • Health insurance issuers
  • Self-insured group health plans
  • Group health plans with a self-insured coverage option and an insured coverage option
  • Multiple group health plans, including an insured plan, that are maintained by the same plan sponsor, that collectively provide major medical coverage for the same covered lives simultaneously
  • Multiple group health plans, not including an insured plan, that are maintained by the same plan sponsor, that collectively provide major medical coverage for the same covered lives simultaneously

The 2016 Reinsurance Contribution Rate is $27.00 per covered life.

 

Please see below instructions on filing your Transitional Reinsurance Fee. Learn More . . .