Sections 6055/6056 Reporting

Sections 6055 and 6056 were added to the Internal Revenue Code to facilitate administration of the individual mandate and the employer mandate. 

The Affordable Care Act requires health insurers, employers and government programs that provide minimum essential coverage to file an annual information report with the IRS indicating the individuals who were covered each month by minimum essential coverage and to employees that were covered. Additionally, large employers subject to the employer mandate must report coverage information to the IRS and to all employees that were offered health coverage by the employer. 

Deadline for Furnishing Form 1095
The due date for furnishing Forms 1095-B and 1095-C to individuals is on or before January 31 of the following calendar year, but an automatic extension of 30 days is granted. 

Deadlines for Filing with the IRS 

• The deadline is on or before 30 days after January 31 of the following calendar year for filing with the IRS 2021 Forms 1094-B, 1095-B, 1094-C or 1095-C.
• The automatic extension remains available under the normal rules for filing the forms with the IRS for employers and other coverage providers who submit a Form 8809 on or before the due date. 

Reporting:
For reporting purposes, applicable large employers can use the following final forms to comply with Sections 6055 and 6056: 

• Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) 

• Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) 

 Here are reporting instructions: Instructions for Forms 1094-C and 1095-C