The IRS Gave You More Time for ACA Health Coverage Reporting!

The IRS recently announced that the due date for certain entities providing 2017 ACA health coverage information has been extended! 

Originally due on January 31, insurers, self-insuring employers, large employers, and other coverage providers will now have until March 2, 2018 to provide ACA health coverage Form 1095-B or Form 1095-C to the individuals in which they cover.

This automatic 30-day extension provides insurers and employers extra time to furnish required statements to employees or covered individuals regarding the health care covered offered to them.

Statements provided to these individuals are used to determine whether they will claim the premium tax credit on their tax returns, so it’s extremely important that you have them filed and distributed on time.

Although the ACA health coverage reporting deadline has been extended, the due dates for filing 2017 information returns remains the same [April 2]. Because of these differing deadlines, individuals may not receive their Form 1095-B or 1095-C by the time they are ready to file their 2017 income tax return.

No need to worry; the information return can be filed without the information listed on Form 1095-B and 1095-C. Taxpayers will be able to prepare and file their returns with TaxBandits using other information about their health coverage.

Filing ACA Forms Online

Filing both Form 1095-B and 1095-C with TaxBandits is extremely easy and can be completed quickly. Here’s some info on what you’ll need to complete the filing process:

Form 1095-B

Form 1095-B is used to report certain information regarding minimum essential health insurance coverage to the IRS and individuals. This form is typically issued by insurance providers, including insurance companies, self-insured employers, employers with fewer than 50 full-time employees, and other agencies that provide health insurance coverage.

Information Required to E-file Form 1095-B

  • Employer Details: Name, EIN, Address, and Contact
  • Employee Details: Name, Social Security, and Address
  • Employee Offer/Coverage Data and Codes
  • Covered Individual Details

Form 1095-C

Form 1095-C is the annual statement that applicable large employers (ALEs) use to report to the IRS about the insurance offered to its large number of full-time employees.

Information Required to E-file Form 1095-C

  • Employer Details: Name, EIN, Address, and Contact
  • Employee Details: Name, Social Security, and Address
  • Employee Offer/Coverage Data and Codes
  • Covered Individual Details

Form Corrections

At TaxBandits we understand that it is possible to make a mistake while filing. For this reason, TaxBandits supports ACA health coverage Form 1095-B and Form 1095-C corrections to any Forms which were rejected by the IRS.

We’re Here To Help

If you need any assistance the amazing, US-based TaxBandits bandits support team is here to help. Give us a call Monday – Friday from 9 AM to 6 PM EST at 704.684.4751, reach us via live chat, or take advantage of our 24/7 email support at support@Taxbandits.com.

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