December 3, 2018
On Nov. 29, 2018, the Internal Revenue Service (IRS) announced
extended deadlines for 2018 Minimum Essential Coverage (Section 6055) and Large
Employer Shared Responsibility (Section 6056) reporting due to individuals in
early 2019. The extended deadlines are as follows:
|
2018 Forms Sent to
Individuals
|
Original Deadline
|
Extended Deadline
|
|
Form 1095-B
Form 1095-C |
1/31/2019
|
3/4/2019
|
Employers and insurers are encouraged to provide the forms to
individuals as soon as possible, but no later than March 4, 2019. Individuals
who file their 2018 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 2018 Forms 1094-B, 1095-B, 1094-C, or 1095-C with the
IRS. The deadline remains February 28, 2019, for those with 250 or fewer forms
filing by paper, or April 1, 2019, 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.
Excerpt from Cigna Health Plan
Note: Employers with less than Full Time Equivalent employees and fully-insured, the carrier will take care of this filing.
