This page (revision-14) was last changed on 26-Nov-2021 10:22 by Meg McFarland

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ACA_YEAR_END_CHANGES...nobody
ACA_YEAR_END_CHANGES

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Difference between version and

At line 1 changed one line
!!!ACA 2019 YEAR END CHANGES
!!!ACA 2018 YEAR END CHANGES
At line 3 changed one line
!Government Websites
__Government Websites__\\
2018 Instructions for Forms 1094C ad 1095C: \\
https://www.irs.gov/pub/irs-pdf/i109495c.pdf \\ \\
At line 5 changed 18 lines
!2019 Instructions for Forms 1094C ad 1095C
[https://www.irs.gov/pub/irs-pdf/i109495c.pdf]
\\ \\
!2019 1095C Form
[https://www.irs.gov/pub/irs-pdf/f1095c.pdf]
\\ \\
!2019 1094C Form
[https://www.irs.gov/pub/irs-pdf/f1094c.pdf]
\\ \\
!Affordable Care Act Information Returns (AIR) Program
[https://www.irs.gov/e-file-providers/air/affordable-care-act-information-return-air-program]
\\ \\
!Questions and Answers about Information Reporting on Form 1094-C and Form 1095-C
[https://www.irs.gov/affordable-care-act/employers/questions-and-answers-about-information-reporting-by-employers-on-form-1094-c-and-form-1095-c]
\\ \\
!Affordable Care Act Information Returns Schemas and Business Rules
[https://www.irs.gov/e-file-providers/air/affordable-care-act-information-returns-schemas]
\\ \\
__2018 1095C Form:__\\
https://www.irs.gov/pub/irs-pdf/f1095c.pdf\\ \\
At line 24 changed one line
!What's New for 2019
__2018 1094C Form:__\\
https://www.irs.gov/pub/irs-pdf/f1094c.pdf\\ \\
At line 26 changed one line
Year changed on the Form 1095-C and Form 1094-C
__Affordable Care Act Information Returns (AIR) Program:__\\
https://www.irs.gov/e-file-providers/air/affordable-care-act-information-return-air-program\\ \\
At line 28 changed 4 lines
__Extension of due date for furnishing statements.__
*The due date for furnishing Form 1095-C to employees is extended from January 31, 2020, to March 2, 2020.
*See Notice 2019-63 and Extension of Time To Furnish Statement to Recipients.
\\
__Questions and Answers about Information Reporting on Form 1094-C and Form 1095-C:__\\
https://www.irs.gov/affordable-care-act/employers/questions-and-answers-about-information-reporting-by-employers-on-form-1094-c-and-form-1095-c \\ \\
At line 33 changed 4 lines
__Relief for failure to furnish statements to certain employees enrolled in self-insured health plan.__
*The IRS will not impose a penalty for failure to furnish Form 1095-C to any employee enrolled in an ALE member's self-insured health plan who is not a full-time employee for any month of 2019 if certain conditions are met.
*See Notice 2019-63 and Information Reporting Penalties.
\\
__Affordable Care Act Information Returns Schemas and Business Rules:__\\
https://www.irs.gov/e-file-providers/air/affordable-care-act-information-returns-schemas \\ \\
At line 38 changed 4 lines
__Extension of good faith relief for reporting and furnishing.__
*The IRS will not impose a penalty for failure to file Form 1095-C with the IRS or failure to furnish Form 1095-C to employees if you make a good faith effort to comply with the information reporting requirements.
*See Notice 2019-63 and Information Reporting Penalties.
\\
__What's New__\\
* Year changed on the Form 1095-C and Form 1094-C \\
* 1095C and 1094C will no longer include employees who were not full-time employees in any month of the year and were not enrolled in an ACA benefit plan. \\ \\
At line 43 changed 3 lines
__Affordability Percentage Threshold__
* References to 9.5% in the section 4980H affordability safe harbors and Qualifying Offer Method are applied based on the percentage as indexed for purposes of applying the affordability thresholds under section 36B (the premium tax credit).
* The percentage, as adjusted, is 9.56% for plan years beginning in 2018, and 9.86% for plan years beginning in 2019.
__Due Dates__\\
Forms 1095-C for the 2018 calendar year must be furnished by January 31, 2019.\\
Forms 1094-C and 1095-C are required to be filed by February 28, 2019, or April 1, 2019, if filing electronically.\\ \\
At line 30 added 3 lines
__Affordability Percentage Threshold__\\
References to 9.5% in the section 4980H affordability safe harbors and Qualifying Offer Method are applied based on the percentage as indexed for purposes of applying the affordability thresholds under section 36B (the premium tax credit). The percentage, as adjusted, is 9.69% for plan years beginning in 2017, and 9.56% for plan years beginning in 2018.\\ \\
Note: 9.86% for plan years beginning 2019 \\ \\
At line 34 added 4 lines
__End of “Good Faith Effort”__\\
The IRS has not extended “good faith transition relief” for the 2018 reporting year and is not expected to do so. In previous reporting years, the IRS did not penalize employers for incorrect or incomplete 1095-C and 1094-C forms, as long as they were able to prove that a “good faith” effort was made to comply with the ACA requirements.
This page (revision-14) was last changed on 26-Nov-2021 10:22 by Meg McFarlandTop