IRS Provides FAQ Guidance for Form 1095-C

Posted July 8, 2015 Compliance Alert

A new FAQ that addresses the reporting of COBRA coverage on the 1095-C employee statement has been issued by the Internal Revenue Service.
The FAQ stresses an offer of COBRA coverage to a current employee due to a reduction in hours is reported differently than an offer of COBRA coverage to a former employee. We provided exhibits in our workshop materials to illustrate some of the COBRA examples the IRS illustrated in the FAQ and will provide the 1095-C exhibits upon request to clients who were unable to attend the workshop.

As the Affordable Care Act’s new IRS reporting requirement deadline looms, it is critical plan sponsors understand the data requirements and complexities of reporting employer and employee information.
Henderson Brothers, Inc. will keep you posted as additional guidance and clarity is released.


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