IRS Extends Deadline to Issue 1095 Forms to Individuals

IRS Extends Deadline to Issue 1095 Forms to Individuals

On November 29, the U.S. Treasury released Notice 2019-63, extending the due date for employers and providers to issue health coverage forms to individuals for the 2019 tax year from January 31, 2020 to March 2, 2020.

Note: For Health e(fx) clients, dates have not changed. Our clients should access key dates here.

An overview of Notice 2019-63 are as follows:

  • Extends the due date for furnishing to individuals the 2019 Form 1095-B, Health Coverage, and the 2019 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2020, to March 2, 2020.
    • Note: The IRS will no longer accept or process additional requests for extensions on furnishing 2019 forms to employees
  • In addition to extending the deadline, the IRS has provided relief from certain aspects of section 6721 and 6722 penalties for the 2019 information-reporting requirements under sections 6055 and 6056.
  • The IRS will not assess a penalty under section 6722 against reporting entities for failing to furnish a Form 1095-B to responsible individuals in cases where the following two conditions are met:
    • Post a notice prominently on your website stating that responsible individuals may receive a copy of their 2019 Form 1095-B upon request, accompanied by an email address and a physical address to which a request may be sent, as well as a telephone number that responsible individuals can use to contact the reporting entity with any questions.
    • Furnish a 2019 Form 1095-B to any responsible individual upon request within 30 days of the date the request is received.
  • The IRS will not assess a penalty under section 6055 in connection with the requirement to furnish the Form 1095-C to any employee enrolled in an ALE member’s self-insured health plan who is not an ACA full-time employee for any month of 2019, subject to 2019 furnishing relief.1
  • The IRS penalty relief applies to furnishing forms under federal tax rules and may or may not apply to furnishing of forms as required for New Jersey or Washington D.C. individual mandate filing requirements.

The due date for electronic filing of Form 1094 with the IRS has not changed and continues to be March 31, 2020.

At Health e(fx), we’re regularly updating our blogs with the latest ACA-related news and information. Our latest insights include links to the newly released ACA forms and instructions. We are also sharing the most up-to-date news on state individual mandate employer requirements – including how California has been added to the list of states with an Individual Mandate in 2020, and why employers should pay attention.

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The ACA reporting season can be stressful time so let us become an extension of the HR team. Our flexible technology and dedicated Account Managers can help ensure daily users receive the training and support they need for ongoing compliance and reporting success.

Choose us for ACA and state mandate individual reporting, and we’ll be ready to support your efforts to deliver complete and correct forms that help you reduce your risk of penalties!