The Internal Revenue Service (IRS) released final 2020 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.

• 2020 Form 1094-B and Form 1095-B (and related instructions) will be used by providers of minimum essential coverage (MEC), including self-insured plan sponsors that are not ALEs, to report under Section 6055.
• 2020 Form 1094-C and Form 1095-C (and related instructions) will be used by applicable large employers (ALEs) to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans.

These forms and instructions include a number of changes and clarifications related to 2020 reporting.

• The “Plan Start Month” box on the Form 1095-C is now required for 2020 reporting.
• Form 1095-C includes additional codes in Code Series 1 related to ICHRAs.
• Form 1095-B includes letter G for use on line 8, Origin of the Health Coverage, to indicate coverage under an ICHRA.

Refer to the below compliance bulletin for details, and contact your NEEBCo representative with questions.

Final Forms and Instructions for 2020 ACA Reporting Released 10-20-20