On Monday, December 2, 2019, the IRS issued Notice 2019-63 which extends the filing deadline to March 2, 2020, for furnishing Form 1095-B and 1095-C to recipients/employees.
IRS Date Unchanged
The original filing dates to submit the forms to the IRS remain unaffected. Entities that paper file the forms with the IRS need to mail the forms by February 28, 2020 (note that this is not February 29). Entities with 250 or more forms are required to electronically file the forms to the IRS by March 31, 2020.
Have questions about other forms you need to file at year-end? Visit our Year-End webpage!
New Relief for Form 1095-B
New for 2019, health insurance issuers that are required to report under code section 6055 have additional relief for filing the forms with recipients. In lieu of sending out Form 1095-B to all recipients, issuers can post a notice on their website that individuals can obtain a copy of their 1095-B form if they request it. The notice needs to include an email and physical address where this request can be sent as well as a phone number to call the reporting entity for any questions. Once the form request is received, the health insurance issuer has up to 30 days to issue Form 1095-B to the requesting individual.
The relief available under code section 6055 also applies to large employers that report information on Part III of Form 1095-C for employees/recipients that are NOT full-time. Therefore, all applicable large employers must furnish a 1095-C to all full-time employees with all applicable sections of the form filled out.
Lastly, notice 2019-63 also extends the good-faith relief which gives entities relief from penalties under sections 6721 and 6722 if a good-faith effort is made in preparing and submitting the ACA forms.
If you have any questions or would like assistance with 1095 form filing and distribution, reach out to a member of our ACA team for more information.
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