Employers will get more time to report worker health coverage for 2016. Firms with 50 or more full-time-equivalent employees must use Form 1095-C to report 2016 insurance data for each full-timer to both the Service and the worker. They must also file Form 1094-C with IRS, which requires additional information. Businesses with fewer than 50 employees that provide self-insured medical coverage must also comply by using Form 1095-B to report 2016 health coverage information to employees and IRS and filing Form 1094-B to transmit the health returns to IRS.
The forms are due to employees by March 2, 2017, instead of Jan. 31. The due date for sending the returns to IRS remains Feb. 28…March 31 if e-filing.