Is it possible that the Cadillac Tax will be a major health spending cost ‘deflator’?
WHO: Employers with 50 of more FTE’s (remember, that means full-time equivalents, NOT number of full-time employees)
WHAT: File forms 1094-C and 1095-C. The IRS created draft forms so you may review the information you will be required to provide 1095-C, 1094-C, draft instructions.
WHEN: “There is no filing requirement for 2014; employers may file for coverage provided in 2014. Forms 1094-C and 1095-C for the 2015 year (with 2015 data) may be filed by February 29, 2016 (if paper filing) and by March 31, 2016 (if filing electronically). For calendar year 2015, Form 1095-C must be furnished to employees by February 1, 2016. Employers filing 250 or more Form 1095-C must file electronically.”
HOW: “Employers should review the draft reporting forms and instructions to familiarize themselves with the types of information that must be provided under these reporting requirements. Employers should coordinate with their payroll and human resource information systems providers to prepare to capture the information necessary to comply with these new reporting requirements.”
READ MORE ABOUT THIS PROCESS HERE
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