The IRS has, once again, come out with a holiday gift for employers. In the recently-released Notice 2019-63, the IRS provided additional reporting relief for employers for the 2019 calendar year. In short, the Notice provides:
The due date to provide Forms 1095-C or 1095-B to employees and individuals is extended 30 days from Friday, January 31, 2020 to Monday, March 2, 2020.
Please note:
Is there relief for carriers providing coverage details?
Does this relief apply to self-funded plans?
No. Employers with self-funded plans must still report about their FTEs (Full-Time-Employees) on Part III of Form 1095-C, and on Part IV of Form 1095-B.
What if we cover folks other than FTEs?
Self-funded employers may take advantage of this relief if they are reporting on any employee who was not full-time for any part of 2019 (such as covered part-time employees, covered retirees, or COBRA QBs).
To take advantage of this relief, the self-funded employer would need to:
Is there good news in this Notice?
Final reminder about 1094-C deadlines:
Please consult your 1094/1095 service providers about these deadlines (as deadlines outlined in your services agreement may not change). Finally, should you have any questions or comments, please reach out to your Account Executive or Account Manager.
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