Form 1095-C for 2024: Employer-Provided Health Insurance Offer and Coverage

1. What is Form 1095-C?

• Form 1095-C is filed by Applicable Large Employers (ALEs) to report their employees’ health coverage information required under section 6056 (Employer shared responsibility provisions) to the IRS.
• Employers should also file Form 1094-C (Transmittal form) along with the 1095 forms.
• The IRS also requires that ALEs furnish form copies to the corresponding employees.

2. What is Form 1094-C?

Form 1094-C is a transmittal form that the IRS requires for employers to submit alongside Form 1095-C as part of the Affordable Care Act (ACA) reporting requirements. It's used by Applicable Large Employers (ALEs) – employers with 50 or more full-time employees (including full-time equivalents) – to report the provision of health insurance coverage to their employees.

3. Who must file a 1095-C Form?

Applicable Large Employers (employers with 50 or more full-time employees) that offer Self-Insured Health Coverage to their employees use Form 1095-C to report the information about offers of health coverage and enrollment in health coverage for their employees.

4. Recent changes to Form 1095-C for the 2024 Tax Year

The IRS has released the ACA Final Form 1095-C for the 2024 Tax Year recently, and it doesn’t reflect any major changes to the forms.

Notably, there are a few other updates to the ICHRA affordability and ACA penalty rates for the 2024 tax year.

Click here, to know more about IRS Form 1095-C Changes.

Note: The IRS has also proposed new E-filing requirements.

At this time, you are required to file 10 or more 1095 forms electronically. E-File Now

5. What are the 1095-C reporting requirements for Employers who offer Sponsor Self-Insured Health Plans?

An employer who offers health coverage through a self-insured health plan should report that information on Form 1095-C, Part III, for any employee who is enrolled in coverage (and any spouse or dependent of that employee).

6. What are the Reporting requirements if health coverage is offered to Non-Employees?

ALE Members that offer employer-sponsored, self-insured health coverage to non-employees who enroll in the coverage may use Forms 1094-B and 1095-B, rather than Form 1095-C, Part III, to report coverage for those individuals and other family members.

If they choose to use Form 1095-C to report coverage information for non-employees enrolled in an employer-sponsored, self-insured health plan, View Form 1095-C instructions.

7. What information is required to report on a 1095-C Form?

To file ACA Form 1095-C, the following information is required:

• Employees’ name, SSN, and address
• Employer’s name, EIN, and address
• Information about the health care coverage provided to the employee
• Employee Required Contribution, if any
• Details about the covered individuals

Click here to learn more about the IRS Form 1095-C line by line instructions.

8. When is the deadline to file Form 1095-C for the
2024 Tax Year?

The deadlines to file Form 1095-C are as follows:

Note: If the Form 1095-C due date falls on any federal holiday, then the next business day will be the filing
due date.

9. What happens if I fail to file a 1095-C Form?

If an ALE fails to meet all the reporting requirements or fails to meet all the conditions of the employer mandate, the IRS will impose a penalty depending on the size of the organization.

Click here to learn more about 1095-C penalties.

10. Difference between Form 1095-B Vs Form 1095-C?

Form 1095-B is primarily used by health coverage providers and small employers whereas Form
1095-C is used by Applicable Large Employers (with more than 50 full-time employees) to report details regarding the health coverage they offer to employees/individuals.

Click here to learn more about Form 1095-B Vs 1095-C.

11. Is there any extension to file 1095-C Form?

If you need additional time to file your Form 1095-C, you can file Form 8809 , Application for Extension of Time To File Information Returns, and get an automatic 30-day extension.

To learn more about filing an extension, click here.

12. Methods of Filing Form 1095-C?

The IRS accepts both electronic and paper filing of Forms 1095-C.

However, if you are filing more than 10 forms, you must file them electronically.

Note: The IRS encourages the filers to choose electronic filing of Form 1095-C for faster processing.

When compared to paper filing, 1095 C e-filing is the easiest way to complete the forms accurately and securely.

If you still choose to file Form 1095-C by paper, you must complete the Form, print & postal mail it to the IRS. Click here for the Form 1095-C mailing address.

13. Steps to file Form 1095-C with TaxBandits:

The IRS accepts both electronic and paper filing of Forms 1095-C.

However, if you are filing more than 10 forms, you must file them electronically.

Simply follow the steps below to file your Form 1095-C:

• Step 1: Create a free TaxBandits account or Login If you have
  one already
• Step 2: Choose Form 1095-C
• Step 3: Enter Form Information
• Step 4: Review Form Information
• Step 5: E-file it with the IRS and State

Ready to file Form 1095-C?

Create a Free Account Now with TaxBandits and E-file your Form 1095-C in just a in minutes. TaxBandits provides real-time updates on the status of your 1095 C filing.