The Internal Revenue Service (IRS) has released final 2016 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.

Forms 1094-B and 1095-B are used by entities reporting under Section 6055, including self-insured plan sponsors that are not applicable large employers (ALEs). Forms 1094-C and 1095-C are used by ALEs to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans.

Minor changes were made to the forms, including the addition of two new “Offer of Coverage” codes for use on Form 1095-C. The instructions also included some clarifications.

Individual statements for 2016 must be furnished by Jan. 31, 2017. IRS returns for 2016 must be filed by Feb. 28, 2017 (March 31, 2017, if filed electronically).

See the below compliance bulletin for full detail of the changes, and contact your NEEBCo representative with any questions you may have.

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