Ask the Expert

Helping you stay compliant during your 2020 reporting season.

The 2020 IRS filing season is here; and employers need to shift their focus to federal and state health reform reporting. Here’s a few things to keep an eye on:

  • On October 2, the U.S. Treasury released IRS Notice 2020-76, extending the due date for employers and providers to issue health coverage forms to individuals for the 2020 tax year from January 31, 2021 to March 2, 2021.
  • The deadlines were not extended for filing Forms 1095 with the IRS, they are still due February 28, 2021 for paper filing or March 31, 2021 for electronic filing.
  • In addition, the IRS again extended “good-faith effort” transition relief to employers for plan year 2020 reporting. The good-faith reporting relief applies only to incorrect or incomplete information reported on 1095-C or 1095-B forms, and not to a failure to timely furnish or file the forms.
  • Employers who have not offered affordable insurance to their ACA-eligible employees, or do not meet reporting requirements are at risk for Penalty A or B under the law.
  • Employers with employees that reside in states that have enacted individual mandate requirements (including California, Massachusetts, New Jersey, Rhode Island, and Washington D.C.) may face increased reporting responsibilities in addition to responsibilities at the federal level.


Health e(fx) deadlines

If Health e(fx) will be managing your state individual mandate or federal reporting, please see the important deadlines for approving your filing.


2020 Reporting Season Ask the Expert

I submitted my Forms 1094 and 1095 and received an IRS notice that they were accepted with errors, now what do I do? – April 14

How can I use the look-back method to determine the ACA eligibility for my employees? – Jan. 28

What steps should I take to file Form 1095 for furloughed employees correctly? – Jan. 15

Are workforce changes increasing my ACA Penalty B risk? – Dec. 9


Health e(fx) resources

What the transition to a new Administration means for the ACA

Avoid common errors this ACA reporting season

What you need to know about Form 1094 & 1095: A simplified guide

ACA penalties and what they mean for your company


COVID-19 Resources

In 2020, COVID-19 impacted the economy and workplace, your health reform compliance may be more complicated and your risk for penalties may increase, which is why you need Health e(fx). Health e(fx) evolves with regulatory changes to help employers manage ACA eligibility and reduce penalty risk, no matter how complex their business.

For information related to the impacts COVID-19 had on the workplace or health reform compliance.  Check out our COVID-19 resources page.