On July 24, 2014, the IRS released initial drafts of forms to be used in reporting health insurance coverage offered by applicable employers, and minimum essential coverage by insurers and employers of self-insured plans. The IRS has posted the draft forms at IRS.gov/draftforms as information only, and will post final versions for actual filing at a later date. Instructions for these forms are expected to be released later this summer.
These transmittal and reporting forms were noted in the Final Rules released on March 5. 2014. The first reporting is required in early 2016 for the 2015 calendar year; however, employers are encouraged to voluntarily report coverage information in 2015 for the 2014 calendar year.
For additional information related to this health care topic and other ACA information, please contact Judy Kaleel at 847-993-1332.