ACA Reporting Requirements Update


NECA Employers,

 

The purpose of this memo is to let you know that on December 22nd, the Internal Revenue Service (“IRS”) extended the deadlines for employers to provide Form 1095-C to employees and for the Fund to provide Form 1095-B to participants. We wanted to make you aware of this extension, as the letters the Fund recently sent to employers and participants listed the original (i.e., not extended) due dates.

 

An Applicable Large Employer (“ALE”) now has until March 2, 2018 (rather than January 31, 2018) to furnish Form 1095-C to its employees. The IRS did not extend the deadlines for ALEs to file the required forms with the IRS.  Thus, ALEs are still required to file the Form 1094-C and the Form 1095-C with the IRS by February 28, 2018, if filing by paper, or April 2, 2018, if filing electronically.

 

Further, the Fund now has until March 2, 2018 (rather than January 31, 2018) to furnish Form 1095-B to participants. Although the Fund has until March 2, 2018, to furnish the Form 1095-B to participants, CompuSys has indicated that they will still send Form 1095-B to participants in January.