“Forms 1094-C and 1095-C”

What is Forms 1094-C and 1095-C?

Forms 1094-C and 1095-C are essential documents for employers to report information about their employees’ health coverage, as mandated by the Affordable Care Act (ACA).

Benefits of Managing Forms 1094-C and 1095-C Responsibilities

Effectively handling these forms offers several advantages:

• Ensures compliance with ACA regulations and avoids penalties.
• Provides accurate records of employee health coverage for tax purposes.
• Streamlines the reporting process, saving time and effort for HR teams.

Frequently Asked Questions

Q: What is the deadline for filing Forms 1094-C and 1095-C?

Forms must be filed with the IRS by the end of February (or end of March if filing electronically).

Q: Who is required to file these forms?

All Applicable Large Employers (ALEs) with 50 or more full-time employees are mandated to file Forms 1094-C and 1095-C.

Q: What information is reported on Form 1095-C?

Form 1095-C includes details about employee and employer coverage, including months of coverage and any applicable exemptions.

Q: How can HR teams simplify the filing process?

Utilizing dedicated ACA compliance software and maintaining accurate records throughout the year can streamline the filing process.